Commonwealth Numbered Acts

COMPANIES ACT 1981 No. 89 of 1981 - SECT 26

26. (1) Where a person applies to the Commission for registration as an
auditor or as a liquidator and his application is granted under section 18 or
sub-section 20 (1) or (2) within one year after the commencement of this Act,
the Commission may, in the certificate issued under sub-section 18 (5) or 20
(6) (in this section referred to as the ''relevant certificate''), specify a
date for the purposes of sub-section (2) of this section, being a date that is
not more than 3 years after the date (in this section referred to as the
''commencement date'') that is, in the relevant certificate, specified
pursuant to sub-section 18 (5) or 20 (6), as the case may be.

(2) Where, in a certificate issued to a registered company auditor or a
registered liquidator under sub-section 18 (5) or 20 (6), as the case may be,
a date is specified for the purposes of this sub-section, the registered
company auditor or registered liquidator shall lodge with the Commission,
within one month after that date, a statement setting out, in respect of the
period commencing on the commencement date and ending on the first-mentioned
date, such information as is prescribed.

(3) A person who is a registered company auditor or a registered liquidator
shall, within one month after the expiration of the period of 3 years
commencing-

   (a)  in the case of a person to whom sub-section (2) applies-on the date
        specified in the relevant certificate for the purposes of sub-section
        (2); or

   (b)  in the case of a person to whom sub-section (2) does not apply-on the
        commencement date, and of each subsequent period of 3 years, lodge
        with the Commission a statement in respect of that period of 3 years
        setting out such information as is prescribed.

(4) The Commission may, on the application of a registered company auditor or
a registered liquidator made before the expiration of the period for lodging a
statement under sub-section (2) or (3), in its discretion extend, or further
extend, that period.

(5) The Commission may, by notice in writing served on the person, require a
person who is registered as a liquidator of a specified corporation to lodge
with the Commission, within a period specified in the notice, a statement in
respect of a period specified in the notice setting out such information as is
prescribed and, where such a notice is served on a person, the person shall
lodge the statement as required by the notice.