Singapore legislation
Regulation 11
Regulation 11
Effect of revision of financial statements, etc.
Where the financial statements, or the consolidated financial statements or balance sheet, of a VCC are revised under section 202A or 202B(4) of the Companies Act (as applied by section 104 of the VCC Act) —
starting on the date of revision, the revised financial statements, or the revised consolidated financial statements or balance sheet, of the VCC, replace the original financial statements, or the original consolidated financial statements or balance sheet, of the VCC;
the revised financial statements, or the revised consolidated financial statements or balance sheet, are taken as having been prepared on the date of the original financial statements or the original consolidated financial statements and balance sheet instead of on the date of revision;
starting on the date of revision, the new directors’ statement replaces the directors’ statement; and
the new directors’ statement, other than the matters required to be stated under regulation 4(2)(g)(iii) and (iv), is taken as having been prepared on the date of the directors’ statement.