Regulatory Alerts2022-11-28
Guidance on Revising Defective Accounts and Reports
The ADGM Registration Authority issued this November 2022 guidance to clarify the legal procedures for companies to revise defective annual accounts and reports under the Companies Regulations 2020. Directors may voluntarily correct non-compliant documents by issuing replacement accounts or supplementary notes, provided they adhere to strict timing, content, and audit requirements. The document mandates that revised filings must include prominent explanatory statements and be distributed to shareholders and filed with the Registrar within 28 days of revision.
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