Chapter: 32  COMPANIES ORDINANCE

Schedule Num: 11  Version Date 13/02/2004

ACCOUNTS OF CERTAIN PRIVATE COMPANIES UNDER SECTION 141D

ELEVENTH SCHEDULE

[sections 141D & 360]

(Amended 28 of 2003 s. 118)

ACCOUNTS OF CERTAIN PRIVATE COMPANIES UNDER SECTION 141D

(Replaced 6 of 1984 s. 259)

1. This Schedule has effect in addition to the provisions of sections 161 to 161C of this Ordinance.  <* Note - Exp. X-Ref.: Sections 161, 161A, 161B, 161BA, 161C *>

2. The authorized share capital, issued share capital, liabilities and assets shall be summarized, with such particulars as are necessary to disclose the general nature of the assets and liabilities, and there shall

be specified-

(a) any part of the issued capital that consists of redeemable shares, the earliest and latest dates on which the company has power to redeem those shares, whether those shares must be redeemed in any event or are liable to be redeemed at the option of the company and whether any (and, if so, what) premium is payable on redemption;  (Amended L.N. 188 of 1993)

(b) so far as the information is not given in the profit and loss account, any share capital on which interest has been paid out of capital during the financial year, and the rate at which interest has been so paid;

(c) the amount of the share premium account;

(d) particulars of any redeemed debentures which the company has power to reissue.

3. There shall be stated under separate headings, so far as they are not written off,-

(a) the preliminary expenses;

(b) any expenses incurred in connexion with any issue of share capital or debentures;

(c) any sums paid by way of commission in respect of any shares or debentures;

(d) any sums allowed by way of discount in respect of any debentures; and

(e) the amount of the discount allowed on any issue of shares at a discount.

4. (1) Fixed assets, current assets and assets that are neither fixed nor current shall be separately identified.

(2) The method or methods used to arrive at the amount of the fixed assets shall be stated.

5. There shall be shown under a separate heading the aggregate amount of any outstanding loans made under the authority of section 47C(4)(b) and (c).  (Amended 28 of 2003 s. 118)

6. Where any liability of the company is secured otherwise than by operation of law on any assets of the company, the fact that that liability is so secured shall be stated, but it shall not be necessary to specify the assets on which the liability is secured.

(Eleventh Schedule added 80 of 1974 s. 22)