Chapter: 32 COMPANIES ORDINANCE
Section Num: 141CE Version Date 04/01/2002
Certain circumstances in which no summary financial reports shall be sent in place of relevant financial documents
(1) A listed company shall not send any copy of a summary financial report to an entitled person of the company in place of a copy of the relevant financial documents-
(a) if the memorandum or articles of association of the company does not permit the company to do that;
(b) if the person is a holder of debentures of the company and the instrument that constitutes or governs the debentures does not permit the company to do that; or
(c) if an order under section 141CG would thereby be contravened.
(2) If default is made in complying with subsection (1), the
company and every officer of the company who is in default shall be guilty
of an offence and liable to a fine.
(3) For the avoidance of doubt, it is declared that-
(a) if there is an event mentioned in subsection (1)(a), (b) or
(c), then any notice of intent sent to the company by the person concerned, which is in force immediately before the existence of that event, shall cease to have effect; and
(b) the cessation of any event mentioned in subsection (1)(a), (b) or (c) does not revive a notice of intent ceasing to have effect pursuant to paragraph (a), and the company in such case shall be treated as not having previously sent any notification referred to in regulations made under section 359A(2) to the person concerned.
(Added 27 of 2001 s. 6)