Section 5
Application for extension of time limit
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
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(1)
Where a statutory body is unable to submit its accounts for audit within four months after the end of the financial year to which the accounts relate, it shall, before the expiry of such time limit, apply in writing to the Majlis Mesyuarat Kerajaan Negeri for an extension thereof setting out the reasons or grounds in support of such application.
(2)
Where a statutory body applies under subsection (1) for an extension of the time limit for the submission of its accounts for audit, the Majlis Mesyuarat Kerajaan Negeri, 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 statutory body shall then submit its statement of accounts for audit within the time limit as extended.
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