(1) The circulation of financial statements and reports—
\(a\) for a private company, shall be within six months of its financial year end; and
\(b\) for a public company, shall be at least twenty-one days before the date of its annual general
meeting.
(2) In relation to a public company, the financial statements and reports may be circulated at a shorter period if it was agreed by all the members entitled to attend and vote at the annual general meeting.
(3) The company and every officer who contravene this section commit an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand ringgit and, in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.