(1984 Ed.] Companies [CAP. 32
141
141A. (1) Sections 123, 128, 129 and 129A shall not apply to a balance sheet or profit and loss account of a company laid before it in general meeting in respect of a financial year ending before 30 September 1975, but all the provisions of this Ordinance which were in force at the end of the financial year in relation to a balance sheet or profit and loss account required to be laid before a company in general meeting shall apply in relation to any balance sheet or profit and loss account laid before a company in general meeting in respect of a financial year ending before 30 September 1975.
(2) Section 124 shall not operate so as to require group accounts to be laid before a company in general meeting along with the company's own balance sheet and profit and loss account in any case where the company's own balance sheet and profit and loss account which are being laid before the company in general meeting are in respect of a financial year ending before 30 September 1975, and sections 125, 126 and 127 shall accordingly not apply in any such case.
(3) Section 129D shall not apply to a directors' report in respect of a financial year ending before 30 September 1975, but all the provisions of this Ordinance which were in force at the end of the financial year in relation to the attaching of a directors' report to every balance sheet of a company laid before it in general meeting and to the contents of such a report shall apply in relation to a directors' report in respect of a financial year ending before 30 September 1975.
(4) Section 141(3) and (6) shall not apply in relation to an auditors' report on a balance sheet or other accounts of a company laid before it in general meeting in respect of a financial year ending before 30 September 1975, but the provisions of this Ordinance which were in force at the end of the financial year in relation to the auditors' report on accounts examined by them and on every balance sheet laid before a company in general meeting during their tenure of office shall apply in relation to the auditors' report on any such balance sheet or other accounts laid before a company in general meeting in respect of a financial year ending before 30 September 1975.
(Added 80 of 1974, s. 13)
141B. (1) In relation to the first balance sheet of a company laid before it in general meeting in respect of a financial year ending after 29 September 1975, paragraph 12(16) of the Tenth Schedule shall not have effect so as to require there to be shown corresponding amounts at the end of the immediately preceding financial year of items which would not have had to be shown in the balance sheet if it had been a balance sheet in respect of a financial year ending before 30 September 1975.
(2) In relation to the first profit and loss account of a company laid before it in general meeting in respect of a financial year ending after 29 September 1975, paragraph 17(5) of the Tenth Schedule
Special provisions in respect of financial years ending before 30.9.75.
Special provisions in respect of first financial year ending after 29.9.75. Tenth Schedule.