(1) A designated officer of a reporting unit must give to its members a report under section 778 (1) within—(a) if a general meeting of members of the reporting unit to consider the reports is held within 6 months after the end of the financial year—the period starting at the end of the financial year and ending 21 days before the general meeting; or(b) otherwise—5 months after the end of the financial year.Penalty—Maximum penalty—100 penalty units.
(2) The registrar may, on the reporting unit’s application, extend the period during which the meeting mentioned in subsection (1) (a) may be held, or the period stated in subsection (1) (b) , by no more than a month.