201. Financial statements and consolidated financial statements

Question 1

201. Financial statements and consolidated financial statements

Answer 1

General overview
[201.01] Section 201 obliges the directors of a company to lay its financial statements before the company’s AGM made up to a date not more than six months before the date of the meeting; or in the case of a listed public company, not more than four months before the date of meeting: s 201(1) vide Act No 36 of 2014. Act No 15 of 2017 has substantially changed the time frame to hold the company’s AGM and to prepare the financial statements to be laid before the AGM.