The Companies Act No. 17 of 2015▤
Requirements for individual financial statements
(1) In preparing an individual financial statement for a financial year, the directors of a company shall ensure that the statemen…
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1,019 results · The Companies Act No. 17 of 2015
The Companies Act No. 17 of 2015▤
Accounting framework applicable to individual financial statements
(1) The directors of a company shall prepare the company’s individual afinancial statement in accordance with section 638. (2) Sub…
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The Companies Act No. 17 of 2015▤
Financial statements to give true and fair view
(1) The directors of a company may approve a financial statement for thepurposes of this Division only if they are satisfied that…
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The Companies Act No. 17 of 2015▤
Duty of directors to prepare individual financial statement
(1) The directors of every company shall prepare a financial statement for thecompany for each of financial year of the company. (…
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The Companies Act No. 17 of 2015▤
Power of company to change its accounting reference date
(1) A company may, by notice lodged with the Registrar for registration, change its accounting reference date having effect in rel…
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The Companies Act No. 17 of 2015▤
How accounting reference periods and accounting reference date of company are determined
(1) The accounting reference periods of a company are determined accordingto its accounting reference date in each calendar year.…
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The Companies Act No. 17 of 2015▤
How company’s financial year is to be determined
(1) A financial year of a company is determined in accordance with this section. (2) A company’s first financial year— (a) begins…
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The Companies Act No. 17 of 2015▤
Offences relating to company’s failure to preserve its records
(1) If a company fails to comply with a provision of section 630(1), the company,and each officer of the company who is in default…
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The Companies Act No. 17 of 2015▤
Where and for how long company is required to keep its records
(1) Except in so far as the regulations otherwise provide, a company shall—(a) keep its accounting records at its registered offic…
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The Companies Act No. 17 of 2015▤
Offence for company to fail to keep proper accounting records
(1) If a company fails to comply with a provision of section 628, the company,and each officer of the company who is in default, c…
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The Companies Act No. 17 of 2015▤
Duty of company to keep proper accounting records
(1) Every company shall keep proper accounting records. (2) For purposes of subsection (1), accounting records are proper only if…
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The Companies Act No. 17 of 2015▤
When company is a quoted company or an unquoted company for the purposes of this Part
For the purposes of this Part, a company is a quoted company in relation to a financial year if it was a quoted company immediatel…
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The Companies Act No. 17 of 2015▤
Companies excluded from the small companies regime
(1) The small companies regime does not apply to a company that is, or wasat any time within the financial year to which the finan…
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The Companies Act No. 17 of 2015▤
Companies qualifying as small: parent companies
(1) A parent company qualifies as a small company in relation to a financial year only if the group of companies headed by it qual…
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The Companies Act No. 17 of 2015▤
Companies qualifying as small: general rules
(1) A company qualifies as small in relation to its first financial year if the qualifying conditions are satisfied in that year.…
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The Companies Act No. 17 of 2015▤
Companies subject to the small companies regime
The small companies regime for financial statements applies to a company for a financial year in relation to which the company— (a…
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The Companies Act No. 17 of 2015▤
Application of this Part
(1) The requirements of this Part relating to the financial statement of acompany apply to each financial year of the company. (2)…
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The Companies Act No. 17 of 2015▤
Notes to a company’s financial statements
Information required by this Part to be given in notes to a company’s annual financial statement can be contained in the statement…
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The Companies Act No. 17 of 2015▤
Interpretation: Part XXV
(1) In this Part— “annual financial statement” in relation to a company, means the company's individual financial statement for a…
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The Companies Act No. 17 of 2015▤
When takeover offers are made by two or more persons jointly
(1) If a takeover offer is made by two or more persons jointly, the conditions for the exercise of the rights conferred by section…
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The Companies Act No. 17 of 2015▤
Circumstances in which offeror or minority shareholder may apply to the Court
(1) If a notice is given under section 611 to a shareholder the Court may, on an application made by the shareholder, order— (a) t…
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The Companies Act No. 17 of 2015▤
Effect of exercising the rights conferred by section 615
(1) Subject to section 618, this section applies to shares in respect of which a shareholder has exercised the rights conferred by…
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The Companies Act No. 17 of 2015▤
Further provision about rights conferred by section 615
(1) Rights conferred on a shareholder by section 615(3), (4) or (5) are exercisable only by a written communication addressed to t…
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The Companies Act No. 17 of 2015▤
Right of minority shareholder to be bought out by offeror
(1) Subsections (3) and(4) apply if a takeover offer relates to all the shares in a company. (2) For the purposes of subsection (1…
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