430

Statement
as to re-
muneration
of directors
to be
furnished to
shareholders,

Ch. 31. No. 1.] Companies.

146. (1) Subject as hereinafter provided, the directors of
a company shall, on a demand in that behalf made to them
in writing by members of the company entitled to not less
than one-fourth of the aggregate number of votes to which
all the members of the company are together entitled,
furnish to all the members of the company within a period of
one month from the receipt of the demand a statement,
certified as correct, or with such qualifications as may be
necessary, by the auditors of the company, showing as
respects each of the last three preceding years in respect
of which the accounts of the company have been made up
the aggregate amount received in that year by way of
remuneration or other emoluments by persons being directors
of the company, whether as such directors or otherwise
in connection with the management of the affairs of the
company, and there shall, in respect of any such director
who is—

(a) a director of any other company which is in
relation to the first-mentioned company a subsidiary
company; or

(b) by virtue of the nomination, whether direct or
indirect, of the company a director of any other
company ;

be included in the said aggregate amount any remuneration
or other emoluments received by him for his own use
whether as a director of, or otherwise in connection with the
management of the affairs of, that other company:

Provided that—

(i) a demand for a statement under this section shall
be of no effect if the company within one month after
the date on which the demand is made resolve that the
statement shall not be furnished; and

(ii) it shall be sufficient to state the total aggregate
of all sums paid to or other emoluments received by all
the directors in each year without specifying the amount
received by any individual.

(2) In computing for the purpose of this section the
amount of any remuneration or emoluments received by
any director, the amount actually received by him shall, if
the company has paid on his behalf any sum by way of