Malaysia legislation
Section 5
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
Section 5
(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.
10
Financial year