Section 224: Exemption from accounting and disclosure provisions

224. Exemption from accounting and disclosure provisions (1) The Board of a company may make a written application to the Registrar for an order relieving the directors from any requirement of sections 211, 214, 215, 221 and 223 relating to the form or content of financial statements or consolidated or group financial statements or to the form or content of the annual report and the form and content of the annual return, and the Registrar may, subject to subsection (3), make an order subject to such conditions as the Registrar thinks fit to impose, including a condition that the directors shall comply with such other requirements relating to the form or content of the accounts, reports or statements as the Registrar thinks fit. (2) The Registrar may, where he thinks fit, make an order in respect of a specified class of companies relieving the directors of a company in that class from compliance with any requirement of the provisions specified in subsection (1) and the order may be made subject to any condition specified in that subsection. [Issue 10] C35 – 138 Revised Laws of Mauritius (3) The Registrar shall not make an order under subsection (1) unless the Registrar is of the opinion that compliance with the requirements of this Act would render the accounts or consolidated accounts or report, as the case may be, misleading or inappropriate to the circumstances of the company, or would impose unreasonable burdens on the company, or any officer of the company. Sub-Part F – Inspection of Company Records