Companies Act (Cap. 386), article 166

166. (1) Where a company has given notice with effect in accordance with article 165 and t hat notice has not been supers eded by a subsequent notice by the company which has such effect, th e new date specified in the notice shall be the company’s account ing reference date in substitution for that which, by virtue of art icle 165 or this article, was its accounti ng reference date at the time when the notice was given. (2) Where by virtue of a notice as is referred to in sub-article (1) one date is substituted for another as the accounting refer ence date of a company - (a) the current or previous accounting reference period, shortened or extended, as the case may be, in accordance with t he notice; and (b) each successive period of twelve months beginning after the end of that accounting reference period, as so shortened or extended, and ending with the new accounting reference date, shall be treated as having been an accounting reference period of the company, instead of any pe riod which would have been an accounting reference period of the company if the notice had no t been given. (3) The provisions of article 165 and the provisions of this article shall not affect any ac counting reference period of the company which - (a) in the case of a notice un der article 165(1) is earlier than the current accounting reference period; or (b) in the case of a notice under article 165(2) is earlier than the previous accounting reference period. 112 CAP . 386.] COMP ANIES General provisions as to content and form of individual accounts. Amended by: IV . 2003.71; IX. 2008.19; XXXI. 2015.5; XVIII.2025.18.