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Application of sections 203(3A) and 204 of Act

Companies (Revision of Defective Financial Statements, or Consolidated Financial Statements or Balance-sheet) Regulations 2018

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—(1) Subject to the modification in paragraph (2) —(a)section 203(3A) of the Act applies to a default in complying with regulation 7(1)(a) as it applies to a default in complying with section 203(1) of the Act; and(b)section 203(3A) of the Act applies to a default in complying with regulation 7(1)(b) as it applies to a default in complying with section 203(3) of the Act.(2) The modification mentioned in paragraph (1) is that the reference to “a copy of the financial statements, or consolidated financial statements and balance‑sheet, and all documents referred to in subsection (1) or (3)” in section 203(3A) of the Act is a reference to —(a)a copy of the revised financial statements, or revised consolidated financial statements or balance‑sheet;(b)a copy of the new directors’ statement on the revised financial statements, or revised consolidated financial statements or balance‑sheet; and(c)a copy of the auditor’s report on the revised financial statements, or revised consolidated financial statements or balance‑sheet.(3) Subject to the modifications in paragraph (4), section 204 of the Act applies to the failure of a director to comply with the provisions of section 201 of the Act, as applied by regulation 4.(4) The modifications mentioned in paragraph (3) are —(a)the reference to “section 201(2) or (5)” in section 204(1) of the Act is a reference to “section 201(2) or (5) of the Act, as applied by regulation 4”;(aa)the reference to “section 201(16)” in section 204(1AA) of the Act is a reference to “section 201(16), as applied by regulation 4”;(b)the reference to “any provision of this Division (other than section 201(2), (5) or (16))” in section 204(1A)(a) of the Act is a reference to “any provision of section 201 of the Act, other than subsection (2), (5) or (16), as applied by regulation 4”;(c)the reference to “the preceding provisions of this Division” in section 204(2) of the Act is a reference to “the provisions of section 201 of the Act, as applied by regulation 4”;(d)the references to “financial statements” in section 204(2) of the Act are references to “revised financial statements”;(e)the references to “consolidated financial statements” in section 204(2) of the Act are references to “revised consolidated financial statements”; and(f)the reference to “section 201” in section 204(2) of the Act is a reference to “section 201 of the Act, as applied by regulation 4”.(5) [Deleted by S 206/2026 wef 06/05/2026](6) [Deleted by S 206/2026 wef 06/05/2026]

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