Section 277 - Statements and accounts of final financial year

(1) For the purposes of sections 127 to 143, the final financial year of a company in liquidation under this Part ends immediately before the date of the commencement of the winding up, and, subject to subsection (2), the provisions of those sections shall continue to apply to the preparation, auditing and despatch of the statements, accounts and report referred to in those sections.

(2) For the purposes of subsection (1),

(a) a copy of the documents referred to in section 128 shall be sent to the liquidator appointed in accordance with section 278 as well as to every member and debenture holder of the company in accordance with section 128; and

(b) a copy of those documents shall be sent to the persons referred to in paragraph (a) within three months after the date of commencement of the winding up.