Companies Act (Cap. 386), article 199

199. (1) The provisions of this article shall constitute the requirements in respect of interim accounts prepared for a prop osed distribution by a public company. (2) The accounts shall have been properly prepared, or shall have been so prepared subject o nly to matters which are not material for determining, by ref erence to items mentioned in ar ticle 197(2), whether the proposed distribution would contravene the COMP ANIES [CAP. 386. 137 relevant article of this Chapter. ( 3 ) " P r o p e r l y p r e p a r e d " s h a l l m e a n t h a t t h e a c c o u n t s s h a l l comply with this Act with such modifications as are necessary because the accounts are prepared otherwise than in respect of an accounting period and any balance sheet comprised in the accoun ts shall have been sig ned in accordance with article 176. (4) Without prejudice to the provi sions of sub-article (3) - (a) so much of the accounts as c onsists of a balance sheet s h a l l g i v e a t r u e a n d f a i r v i e w o f t h e s t a t e o f t h e company’s affairs as at the balance sheet date; and (b) so much of the accounts as consists of a profit and loss account shall give a true and fair view of the company’s profit or loss for the period in respect of which the accounts were prepared. (5) A copy of the accounts sha ll have been delivered to the Registrar for registration. (6) If the accounts are in a language other than English or Maltese, a translation into English or Maltese of the accounts, certified to be a correct translation in such manner as may be prescribed, shall also have been delivered to the Registrar. Requirements for initial accounts.