Section 74: Publication of standards, rules and guidelines
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
74. Publication of standards, rules and guidelines
(1) Where the Council intends to publish or amend any financial reporting
and accounting standards referred to in section 72 or any rules and guidelines referred to in section 73, it shall cause a notice to be published in—
(a) the Gazette; and
(b) not less than 2 daily newspapers for 3 consecutive days,
inviting comments from all interested persons.
(2) Any person who wishes to submit any comment shall, within 21 days
of the last date of the publication specified in subsection (1), submit his
comments in writing to the Council.
(3) The Council may, in deciding whether to approve the financial reporting and accounting standards referred to in section 72 or any rules and
guidelines referred to in section 73 or their amendments, have regard to any
comment submitted under subsection (2).
[S. 74 amended by s. 16 (f) of Act 14 of 2009 w.e.f. 30 July 2009.]