All sections · Part VIII: Administration · Sub-Part IV: Accounting Records
174 Gestión contable
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) Una empresa debe llevar registros contables fiables que -.
(a) son suficientes para presentar y explicar las transacciones de la empresa;
(b) determinar con razonable exactitud en cualquier momento la situación financiera de la entidad; y
c) permitir la elaboración de los estados financieros de la empresa.
(2) A los efectos del apartado (1), se considerará que no se llevan registros contables si éstos no ofrecen una imagen fiel del patrimonio, del pasivo, de la situación financiera y de los resultados de la sociedad y no explican sus operaciones.
(3) La empresa que infrinja el apartado (1) será sancionada con una multa de 100 dólares por cada día, o parte de él, que continúe la infracción y una multa adicional de 25 dólares.
(4) El director que permita a sabiendas una infracción en virtud del apartado (1) será castigado con una pena de 100US$ y una pena adicional de 25US$ por cada día o parte del mismo durante el que continúe la infracción.
(a) son suficientes para presentar y explicar las transacciones de la empresa;
(b) determinar con razonable exactitud en cualquier momento la situación financiera de la entidad; y
c) permitir la elaboración de los estados financieros de la empresa.
(2) A los efectos del apartado (1), se considerará que no se llevan registros contables si éstos no ofrecen una imagen fiel del patrimonio, del pasivo, de la situación financiera y de los resultados de la sociedad y no explican sus operaciones.
(3) La empresa que infrinja el apartado (1) será sancionada con una multa de 100 dólares por cada día, o parte de él, que continúe la infracción y una multa adicional de 25 dólares.
(4) El director que permita a sabiendas una infracción en virtud del apartado (1) será castigado con una pena de 100US$ y una pena adicional de 25US$ por cada día o parte del mismo durante el que continúe la infracción.
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Keeping of accounting records
(1) A company shall keep reliable accounting records that —
(a) are sufficient to show and explain the company‘s transactions;
(b) enable the financial position of the company to be determined
with reasonable accuracy at any time; and
(c) allow for accounts of the company to be prepared.
(2) For the purposes of subsection (1), accounting records shall be deemed
not to be kept if they do not give a true and fair view of the company‘s
financial position and explain its transactions.
(3) A company that contravenes subsection (1) shall be liable to a penalty fee
of US$100 and an additional penalty fee of US$25 for each day or part
thereof during which the contravention continues.
(4) A director who knowingly permits a contravention under subsection (1)
shall be liable to a penalty fee ofUS$100 and an additional penalty fee of
US$25 for each day or part thereof during which the contravention
continues.
(a) are sufficient to show and explain the company‘s transactions;
(b) enable the financial position of the company to be determined
with reasonable accuracy at any time; and
(c) allow for accounts of the company to be prepared.
(2) For the purposes of subsection (1), accounting records shall be deemed
not to be kept if they do not give a true and fair view of the company‘s
financial position and explain its transactions.
(3) A company that contravenes subsection (1) shall be liable to a penalty fee
of US$100 and an additional penalty fee of US$25 for each day or part
thereof during which the contravention continues.
(4) A director who knowingly permits a contravention under subsection (1)
shall be liable to a penalty fee ofUS$100 and an additional penalty fee of
US$25 for each day or part thereof during which the contravention
continues.
Amended since 2016
Act 32 of 2021 · 2021-08-02
38. Section 174 of the principal Act is amended —
(i) in subsection (1)(c), by repealing the word “accounts”, and
substituting therefor the words “financial statements”;
(ii) in subsection (3), by repealing the words “of US$100 and an
additional penalty fee of US$25 for each day or part thereof
during which the contravention continues”, and substituting
therefor the words “not exceeding US$10,000”;
(iii) in subsection (4), by repealing the words “of US$100 and an
additional penalty fee of US$25 for each day or part thereof
during which the contravention continues”, and substituting
therefor the words “not exceeding US$10,000”.
(i) in subsection (1)(c), by repealing the word “accounts”, and
substituting therefor the words “financial statements”;
(ii) in subsection (3), by repealing the words “of US$100 and an
additional penalty fee of US$25 for each day or part thereof
during which the contravention continues”, and substituting
therefor the words “not exceeding US$10,000”;
(iii) in subsection (4), by repealing the words “of US$100 and an
additional penalty fee of US$25 for each day or part thereof
during which the contravention continues”, and substituting
therefor the words “not exceeding US$10,000”.
