California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50 - Business and Industrial Development Corporations
Article 4 - Issuance of License
Subarticle 2 - Application
Section 50.3111 - Information Regarding PRO Forma Financial Statements
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Provide a pro forma balance sheet of the applicant as of the date of commencing business.
(b) Provide a pro forma balance sheet of the applicant as of the end of, and a pro forma statement of income for, a pro forma statement of cash flows for, and a pro forma statement of shareholders' equity for, each month of the first six months of transacting business, each quarter of the next succeeding 18 months of transacting business, and each half of the third year of transacting business.
(c) Explain the basis of the pro forma financial statements called for in this section.
1. Amendment of subsection (b) and new NOTE filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
Note: Authority cited: Section 31101, Financial Code. Reference: Section 31107, Financial Code.
