Malaysia legislation
Section 18
of Sabah Economic Development And Investment Authority Enactment 2009
Section 18
(1)
Where the Authority is unable to submit its accounts for the preceding financial year for audit not later than 31st day of July of each year, it shall, before the expiry such time limit, apply in writing to the State Financial Authority for an extension of thereof setting out the reasons or grounds in support of such application.
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(2)
Where the Authority applies under subsection (1) for an extension of the time limit for the submission of its accounts for audit, the State Financial Authority, if satisfied with the reasons or grounds for the application, may grant such extension of the time limit as may be deemed necessary but such extension shall not in any case exceed a period of three months in the aggregate in respect of each financial year, and the Authority shall then submit its statement of accounts for audit within the time limit as extended.
Submission of report to the Government and the Federal Government