Companies Act, 1973 (Act No. 61 of 1973)

Chapter XVB: Financial reporting standards

Purchase

1)	The Council must-

a)	give notice to interested persons of any prospective amendment of financial reporting standards with at least one month to return comment;

b)	consider any comments made before voting on an amendment;

c)	submit financial reporting standards to the Minister,

2)	The Minister shall issue financial reporting standards on the advice of the Council by publication in the Gazette.