12 Feb 2008
Relief under section 122(1B) was granted because the failure to lay accounts was inadvertent, there was no wilful default or prejudice to shareholders, audited accounts were prepared and adopted by unanimous written resolution, and the company implemented credible remedial measures and undertakings to ensure future compliance.
1 Mar 2002
Plaintiff established on affidavit that the defendant breached contractual obligations to enable the audit, the defendant failed to file any affidavit or evidence to substantiate defences or counterclaim and those defences were without merit or sham; accordingly there was no triable issue and summary judgment for the plaintiff for the option price was appropriate.
13 Apr 1984
The term 'audit' within the Commodities Trading Ordinance was to be given a general meaning that includes an investigation or examination of accounts carried out for the Commissioner; Price Waterhouse's engagement met that statutory purpose, so the Official Receiver's rejection of the proof of debt was incorrect and the proof for $130,228.20 must be admitted.