in such manner and for such purposes as in its opinion will best promote its interests.
48.
Publication of accounts
(1)
The Director shall, not later than 3 months after the end of every financial year,
submit to the Board for approval the annual report in respect of that year.
(2)
After approval of the Board, the Director shall, not later than 30 April after the end of
every financial year, submit the report to the auditor.
(3)
The auditor shall, within 6 months of the date of receipt of the annual report
pursuant to subsection (2), submit the annual report and his audit report to the Board.
(4)
For the purposes of section 5 of the Statutory Bodies (Accounts and Audit) Act, the
auditor shall be the Director of Audit.
49.
Execution of documents
(1)
Subject to subsection (2), any document shall be deemed to be properly executed
by or on behalf of the Society, where it is signed by the Chairperson and the Director.
(2)
Where the Chairperson or the Director is unable to sign any document, the Board
may designate a member of the Board to sign the document.
50.
Exemptions
(1)
Article 910 of the Code Napoleon shall not apply to the Society.
(2)
The Society shall not be liable to the payment of income tax.
(3)
No registration duty shall be payable in respect of any document signed or executed
by the Society or under which it is the sole beneficiary.
51.
Rules