''Every insurance company which does not transact life assurance business in the Union of Burma shall, within six months after the close of each financial year or within such further period as the President of the Union may in any case for special reasons allow, deposit with the President of the Union four copies of every report on the affairs of the company, and of every balance sheet, revenue account and profit and loss account in respect of that year, which has been submitted to its shareholders or policy-holders, and also, in the case of a company whose head office is situated outside the Union of Burma, four copies of such of the aforementioned documents as are required by law to be submitted to the Government of the country in which the head office is situated...''