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.

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Section 169 Companies Act 1965-Profit & Loss Account, Balance Sheet & Directors' Report

Companies Act 1965 (Act No. 125)
PART VI – ACCOUNTS
AND AUDIT
DIVISION 1 – ACCOUNTS
SECTION 169 – PROFIT
AND LOSS ACCOUNT, BALANCE SHEET AND DIRECTORS’ REPORT

(1) The directors of every company shall at some date not later than eighteen months after the incorporation of the company and subsequently once at least in every calendar year at intervals of not more than fifteen months lay before the company at its annual general meeting a profit and loss account for the period since the preceding account (or in the case of the first account, since the incorporation of the company) made up to a date not more than six months before the date of the meeting.

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Details Of Ninth Schedule Companies Act 1965(Act No 125)

Append below the details of Ninth Schedule Companies Act 1965, readers should go through them  whether for knowledge or to comply with Accounts under the Malaysian Company Law:- 

Companies Act 1965 (Act No. 125)
NINTH SCHEDULE [SECTIONS 169, 326] – ACCOUNTS
 

Profit and Loss Accounts


1. There shall be shown in respect of the period of accounting –

 

(a) sales or other operating revenues, stating the basis on which they are determined;
(b) the net balance of profit or loss on the company’s trading;
(c) the gross income before the deduction of income tax from investments in subsidiaries of the company;

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Ninth Schedule Of Malaysian Companies Act 1965

Besides the compliance of FRS/IFRS/IAS, many Malaysian authorities like Securities Commission, MASB, Bank Negara, etc would require that Malaysian companies adhere strictly to the Ninth Schedule of the Malaysian Companies Act 1965 for preparation of their Financial Statement. Hence, it is important for the readers to have a good and thorough understanding of this particular … Read more