Section 106: Financial statements
This section is inserted by Act No 10 of 2017, section 23.
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.
106. Financial statements
Every licensee, other than a collector or an operator of
dart games shall –
(a) prepare his financial statements in accordance
with the IFRS; and
(b) not later than 6 months after the closing of the
accounts, submit his audited financial statements
to the Authority and Director-General.
(u) in section 107(1), by deleting the word “qualified” and
replacing it by the word “approved”;
(v) by inserting, after Part XXI, the following new Part –
PART XXIA – BETTING OPERATIONS
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Questions this section answers
- How soon after the accounts close must a licensee submit its audited financial statements?