Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p73
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 179935–182683

be dealt with in the accounts or group accounts;
              (ii) if, in his opinion, the accounts or group accounts, as the case may be, would not, if so drawn up, have given a true and fair view of those matters—his reasons for being of that opinion;
              (iii) if the directors have caused to be attached to the accounts or group accounts a statement under sub-section 269 (9) or (10), as the case may be, giving particulars of the quantified financial effect on the accounts or group accounts of the failure to so draw up the accounts or group accounts—his opinion concerning the particulars; and
              (iv) in a case to which neither sub-paragraph (ii) nor (iii) applies—particulars of the quantified financial effect on the accounts or group accounts of the failure to so draw up the accounts or group accounts, as the case maybe;";
     (d) by inserting in paragraph (3) (e) ", (aa)" after "(a)"; and
     (e) by adding at the end thereof the following sub-section:
     "(11) An auditor of a company or holding company who—
          (a) is not satisfied that accounts of the company, or group accounts of the holding company, have been drawn up in accordance with a particular applicable approved accounting standard; or
          (b) is of the opinion that accounts of the company, or group accounts of the holding company, have not been drawn up in

          accordance with a particular applicable approved accounting standard,
     shall send by post to the Board, within 7 days after he furnishes to the directors of the company or holding company his report under this section on the accounts or group accounts, a copy of the report.".

Examination of officers
86. Section 296 of the Principal Act is amended by omitting from sub-section (2) "An officer of the corporation" and substituting "A person".

Power of Commission to make certain orders
87. Section 311 of the Principal Act is amended by inserting after sub-section (1) the following sub-section:
"(1a) The Commission may, by instrument in writing published in the Gazette, vary or revoke an order made under sub-section (1).".

Application for winding up
88. Section 312 of the Principal Act is amended by omitting sub-section (1) and substituting the following sub-section:
"(1) Where—
     (a) a report of an investigation under this Part has been made by an inspector; or
     (b) a report of an investigation under the provisions of a law of a participating State or participating Territory that correspond with this Part has been made by a person who is an inspector for the purposes of those provisions,
application may be made to the Court by the Commission—
     (c) if the corporation the subject of the report was incorporated or deemed to be