Western Australian Consolidated Acts

COMPANIES (CO-OPERATIVE) ACT 1943 - SECT 429

429 .         Transition provisions for returns, balance sheets, and accounts

        (1)         Any annual return required to be filed by any existing company within 12 months from the date on which this Act comes into operation shall be sufficient if it is in the form required or authorised by the Companies Act 1893 ³ .

        (2)         Where any existing company having a share capital is required to alter its form or method of keeping accounts and records or the form of its balance sheet to comply with sections 125 to 131 it shall be deemed sufficient compliance with this Act if the alteration of such form or method is made as from the first balancing date of the company next following the date on which this Act comes into operation or, where that balancing date falls earlier than 6 months after the date of the coming into operation of this Act, from the second balancing date of the company next following the date of the coming of this Act into operation: Provided that until such alteration the accounts, records, and balance sheets shall be in the form authorised or required by the Companies Act 1893 ³ , and the memorandum and articles of association of the company.