Financial Reporting Act 1993

38 Offences by directors of issuers

• Where—

  • (a) the financial statements of an issuer and any group financial statements in relation to a group comprising an issuer and its subsidiaries are not audited in accordance with section 15; or

  • (b) a copy of the financial statements of an issuer or group financial statements together with the auditor's report on those statements are not delivered to the Registrar in accordance with section 18(1),—

  • (c) [Repealed]

  every director of the issuer commits an offence and is liable on conviction to a fine not exceeding $100,000.

  Section 38: amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).

  Section 38(b): amended, on 3 May 2001, by section 8(a) of the Financial Reporting Amendment Act 2001 (2001 No 21).

  Section 38(c): repealed, on 3 May 2001, by section 8(b) of the Financial Reporting Amendment Act 2001 (2001 No 21).