i— The managers shall prepare, for each financial year and within at least three months from the end thereof, the company's balance sheet, profit and loss account and a report on the company's activities and financial position together with their recommendations as regards profit distribution. The managers' report, the balance sheet, the profit and loss account and the other reports shall reflect the company's true financial position.

ii— The managers shall sign the report, the balance sheet and the profit and loss account.

iii— The managers shall forward to the Ministry of Commerce and Industry a copy each of the balance sheet, the profit and loss account, the annual report and the auditor's report within ten days from the date of preparing such documents.

iv— The managers shall not vote on the resolutions discharging them of responsibility for their management.