Monthly Financial Report. The JVC shall practice the Chinese accounting system under Chinese Laws. The General Manager shall provide to each Party a financial report on or before the 20th day of a calendar month to reflect the balance of the JVC in the previous month. The General Manager shall provide a financial report for the previous year in January every year. The JVC's accounting year commences January 1 and ends December 31 every calendar year.
Appears in 4 contracts
Samples: Agreement (Integrated Carbonics Corp), Cooperative Joint Venture Agreement (Integrated Carbonics Corp), Cooperative Joint Venture Agreement (Integrated Carbonics Corp)
