Cap. 386 Art. 182Period for laying and approval of accounts.

(1) The period allowed for laying before and approval by the company in general meeting of a company’s annual accounts for an accounting period shall be as provided in this article.

(2) Subject to the following sub-articles of this article, the period allowed shall be -

(a) for a private company, ten months after the end of the relevant accounting reference period; and

(b) for a public company, seven months after the end of that period.

(3) Where a company’s first accounting period is a period of more than twelve months from the date of its registration, the period otherwise allowed for laying before and approval by the company in general meeting of annual accounts shall be reduced by the number of days by which the relevant accounting period is longer than twelve months. However, the period allowed shall not by this provision be reduced to less than three months after the end of that accounting period.

(4) Where a company’s relevant accounting period has been shortened due to a change in the accounting reference date, the period allowed for laying and delivering annual accounts shall be -

(a) the period allowed in accordance with sub-articles (2) and (3); or

(b) the period of three months beginning with the date of a notice given to the Registrar when notice has been given to change the accounting reference date, whichever of those periods last expires.