Hong Kong Regulations

COMPANIES (REVISION OF ACCOUNTS AND REPORTS) REGULATION - SECT 15

Laying of revised accounts or directors' reports before general meetings

(1) If—

   (a)  the directors of a company cause the accounts of the company to be
        revised, or make revisions to a directors' report, under section 141E
        of the Ordinance; and

   (b)  the original accounts or directors' report has been laid before the
        company at its general meeting under section 122, 124 or 129D of the
        Ordinance, the directors shall lay before the first general meeting of
        the company held after the date of revision the revised accounts
        together with the audit report on those accounts, or the revised
        directors' report, as the case may be.

(2) If, as respects any revised accounts, a director of the company fails to
take all reasonable steps to secure compliance with subsection

(1), he commits an offence and is liable to imprisonment for 12 months and a
fine of $300000.

(3) If, as respects a revised directors' report, a director of the company
fails to take all reasonable steps to secure compliance with subsection (1),
he commits an offence and is liable to imprisonment for 6 months and a fine of
$150000.