Section 8

Section 112 of the principal Act is amended by inserting after subsection (3) the following subsection:

“(3a)

Where there is a failure by a company, limited liability partnership, trust body or co-operative society to make up its accounts ending on the corresponding day in the following basis year pursuant to subsection 21a(3) and the company, limited liability partnership, trust body or co-operative society fails to give a notification in accordance with subsection 21a(3a), any penalty that had been imposed under subsection (3) based on the accounting period prior to the new accounts as mentioned in subsection 21a(3a) shall continue to be recoverable under this Act.”.

Act 801