Companies Act (Cap. 386), article 213A

213A. (1) Large undertakings, as def ined in the Third Schedule, and all public-interes t entities active in the extractive indus try or the logging of primary forests shall prepare and make public a report on payments made to governments on an annual basis. (2) That obligation shall not apply to any undertaking governed by the law of a Member State which is a subsidiary or parent undertaking, where both of the f ollowing conditions are fulfill ed: (a) the parent undertaking is subject to the laws of a Member State; and (b) the payments to governments made by the undertaking are included in the consolid ated report on payments to governments drawn up by that parent undertaking in accordance with par agraph 3 of the F ourth Schedule. (3) All undertakings which qualify to make the report mentioned in sub-article (1) shall abide by the requirements provided for in the Fourth Schedule. Undertakings and branches that are required to report on income tax information. Added by: XVIII.2024.14.