Industrial Credit (Amendment) Act, 1971

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Extension of period for furnishing balance sheet and profit and loss account.

6.—Subsection (1) of section 11 of the Principal Act is hereby amended by the addition of the following paragraph:

“Where the Company considers that it will be unable to furnish the balance sheet and profit and loss account for an accounting year within the period referred to in the foregoing paragraph, that period may, on application by the Company, be extended by the Minister by such further period as he considers reasonable.”