Section 6

Section 258 of the principal Act is amended by inserting after subsection (1) the following subsection:

“(1a)  In relation to a private company, the Registrar may, as he considers fit, extend the period within which financial statements and reports are required to be circulated by a private company if the private company makes an application for an extension of the period of circulation before the expiry of the period referred to in paragraph (1)(a).”.