Clause 167

The Companies Act is amended by inserting, immediately before section 387 in Part XII, the following section:“Interpretation386A. In this section and sections 387B, 387C, 397 and 401, unless the contrary intention appears —“consolidated financial statements” and “parent company” have the same meanings as in section 209A;“financial statements” means the financial statements of a company required to be prepared by the Accounting Standards and, in the case of a parent company, means the consolidated financial statements.”.