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122 any dividend bonus interest or other moneys

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122. Any dividend, bonus, interest or other moneys payable in cash in respect of shares may be paid by cheque or warrant sent through the post directed to the registered address of the holder or, in the case of joint holders, to the registered address of that one of the joint holders who is first named on the register of members or to such person and to such address as the holder or joint holders may in writing direct. Every such cheque or warrant shall be made payable to the order of the person to whom it is sent. Any one of 2 or more joint holders may give effectual receipts for any dividends, bonuses, interest or other moneys payable in respect of the shares held by them as joint holders. 123. No dividend shall bear interest against the company . Accounts 124. The directors shall cause proper books of account to be kept with respect to- (a) all sums of money received and expended by the company and the matters in respect of which the receipt and expenditure takes place; (b) all sales and purchases of goods by the company ; and (c) the assets and liabilities of the company . Proper books shall not be deemed to be kept if there are not kept such books of account as are necessary to give a true and fair view of the state of the company 's affairs and to explain its transactions.
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125. The books of account shall be kept at the registered office of the company , or, subject to section 121(3) of the Ordinance, at such other place or places as the directors think fit, and shall always be open to the inspection of the directors . 126. The directors shall from time to time determine whether and to what extent and at what times and places and under what conditions or regulations the accounts and books of the company or any of them shall be open to the inspection of members not being directors , and no member (not being a director ) shall have any right of inspecting any account or book or document of the company except as conferred by statue or authorized by the directors or by the company in general meeting. 127. The directors shall from time to time, in accordance with sections 122 , 124 and 129D of the Ordinance, cause to be prepared and to be laid before the company in general meeting such profit and loss accounts , balance sheets, group accounts (if any) and reports as are referred to in those sections. 128. A copy of every balance sheet (including every document required by law to be annexed thereto) which is to be laid before the company in general meeting, together with a copy of the directors ' report and a copy of the auditors' report, shall not less than 21 days before the date of the meeting be sent to every member of, and every holder of debentures of, the company and to all persons other than members or holders of debentures of the company , being persons entitled to receive notices of general meetings of the company : Provided that this regulation shall not require a copy of those documents to be sent to any person of whose address the company is not aware or to more than one of the joint holders of any shares or debentures .
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