Avoiding Preparation of Consolidated FS

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Feb 19, 2016
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Hong Kong
When a Hong Kong private limited co. holding PRC subsidiaries does not want to prepare consolidated financial statements for the year ended 31st March 2015, what can it do now (10.5 months after the year-end) for avoiding penalty & imprisonment directors may be liable to under section 379 of the new Hong Kong Companies Ordinance (Cap 622)?
 

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