Section 169A Companies Act 1965-Relief From Requirements As To Form & Content Of Accounts & Reports

Companies Act 1965 (Act No. 125)
PART VI – ACCOUNTS
AND AUDIT
DIVISION 1 – ACCOUNTS
SECTION 169A – RELIEF FROM REQUIREMENTS AS TO
FORM AND CONTENT OF ACCOUNTS AND REPORTS

(1) The directors of a company may apply to the Registrar in writing for an order relieving them from any requirement of this Act relating to the form and content of accounts or consolidated accounts or to the form and content of the report required by section 169(6) and the Registrar may make such an order either unconditionally or on condition that the directors comply with such other requirements relating to the form and content of the accounts or consolidated accounts or report as the Registrar thinks fit to impose.

(2) The Registrar may where he considers it appropriate make an order in respect of any class of companies relieving the directors of a company in that class from compliance with any specified requirements of this Act relating to the form and content of accounts or consolidated accounts or to the form and content of the report required by section 169(6) and the order may be made either unconditionally or on condition that the directors of the company comply with such other requirements relating, to the form and content of accounts or consolidated accounts or report as the Registrar thinks fit to impose.

(3) The Registrar shall not make an order under subsection (1) unless he is of the opinion that compliance with the requirements of this Act would –

(i) render the accounts or consolidated accounts or report (as the case may be) misleading or inappropriate to the circumstances of the company; or

(ii) impose unreasonable burdens on the company or any officer of the company.

(4) The Registrar may make an order under subsection (1) which may be limited to a specific period and may from time to time either on application by the directors or without any such application (in which case the Registrar shall give to the directors an opportunity of being heard) revoke or suspend the operation of any such order.

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