Clause 55

by deleting the words “statutory declaration” in the 9th line of subsection (1) and substituting the word “declaration”;

by deleting the words “Ninth Schedule” in the 9th line of subsection (5) and substituting the words “Accounting Standards”; and

by inserting, immediately after subsection (9), the following subsection:“(10) Without prejudice to paragraph (b) of the proviso to subsection (5) and subsection (7), the Minister may, by order published in the Gazette, in respect of foreign companies of a specified class or description, substitute other accounting standards for the Accounting Standards, and the provisions of this section shall apply accordingly in respect of such foreign companies.”.