Section 693 of The Companies Act No. 17 of 2015: Power of the Court to order compliance if annual financial statement or reports not lodged with Registrar

    

(1) If—
(a) the requirements of section 683 have not been complied with in relation to a company's financial statement or reports for a financial year before the deadline for lodging them with the Registrar; and
(b) the directors of the company fail to comply with those requirements within fourteen days after the service of a notice on them requiring them to do so, a member or creditor of the company, or the Registrar, may make an application to the Court for an order under subsection (2).
(2) On the hearing of an application made under subsection (1), the Court maymake an order directing the directors, or any of them, to rectify the failure within such period as may be specified in the order.
(3) The Court's order may provide that all costs of and incidental to the application are to be borne by the directors.


Disclaimer: This document is not to be taken as legal advise.

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