Singapore legislation
Section 103
Section 103
Relief from requirements as to form and content of financial statements, consolidated financial statements and directors’ statement
Section 202 of the Companies Act 1967 applies in relation to a VCC and its financial statements, consolidated financial statements and directors’ statement, as it applies in relation to a company and its financial statements, consolidated financial statements and directors’ statement, subject to section 5 and the following modifications:
(a)
a reference in section 202 of the Companies Act 1967 to the Accounting Standards is to the Accounting Standards as defined in section 2(1); (b)a reference in section 202 of the Companies Act 1967 to that Act is to this Act.