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The directors of every company are required to lay before the company in annual general meeting audited balance sheet and profit and loss account etc. The directors shall from time to time determine whether and to what extent and at what time and places and under what conditions or regulations the accounts and books or papers of the company or any of them shall be open to the inspection of members. The directors can decide to maintain books of accounts at a place other than the registered office of the company. Soap Boxes The directors of a company by resolution passed by not less than three-fourths of the total number of directors may remove a chief executive before the expiration of his term of office. Reinsurance premia on policies issued and reinsured on or after 25th May, 1973 for sums over Rs. 3.5 lacs in respect of death risk only. Exchange facilities for reinsurance will be given only to branches or offices of insurance companies in Pakistan doing business on their own acco