Microenterprise Loan Fund Act 2012
Accounts and audit.
20.— (1) Without prejudice to the requirements of the Companies Acts in relation to balance sheets and accounts, the subsidiary shall keep in such form as may be approved by the Minister, with the consent of the Minister for Public Expenditure and Reform, all proper and usual accounts of all money received or expended by it and, in particular, shall keep in such form as aforesaid all such special accounts as the Minister may, with the consent of the Minister for Public Expenditure and Reform, from time to time direct.
(2) Accounts kept by the subsidiary in pursuance of this section shall be submitted, not later than 1 March in the year immediately following the financial year to which they relate or on such earlier date as the Minister may, from time to time, specify, to the Comptroller and Auditor General for audit and, immediately after the audit, a copy of the accounts, and of such other (if any) accounts as the Minister, after consultation with the Minister for Public Expenditure and Reform, may direct and a copy of the Comptroller and Auditor General’s report on the accounts shall be presented to the Minister who shall, as soon as may be after they are so presented, cause copies thereof to be laid before each House of the Oireachtas.
(3) A relevant enactment shall not, as respects the subsidiary, apply to the Social Finance Foundation.
(4) For the purposes of this section, each of the following is a relevant enactment—
( a) sections 150 and 158 of the Act of 1963,
( b) sections 13 and 16 of, and Part V of the Schedule to, the Companies (Amendment) Act 1986, and
( c) Regulations 17, 18, 19, 20, 21, 22, 25, 26 and 39 of the European Communities (Companies: Group Accounts) Regulations 1992 ( S.I. No. 201 of 1992).