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Amendment of section 28 (annual reports, chairperson's report and furnishing of information to Minister) of Principal Act.
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10.— Section 28 of the Principal Act is amended—
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(a) in subsection (1), with effect from 6 months after the passing of this Act, by substituting “not later than 4 months after the end of each accounting year of the company” for “not later than 6 months after the end of each accounting year of the company”, and
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(b) in subsection (4)—
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(i) with effect from 6 months after the passing of this Act, by substituting “not later than 4 months after the end of each accounting year of the company” for “not later than 6 months after the end of each accounting year of the company”, and
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(ii) by substituting “adhered to,” for “adhered to.” in paragraph (e) and by inserting the following after that paragraph:
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“(f) a statement—
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(i) of the average number of employees that are expected to be employed during the accounting year under contracts of service following that to which the accounts relate, or
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(ii) that more than 30 of its current full time employees are likely to continue to be so employed full time under contracts of service during the accounting year following that to which the accounts relate,
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as determined in accordance with section 30(1)(a)(ii).”.
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