s 20 Application of Companies Act 1967
20.—(1) Sections 162, 163 and 197 of the Companies Act 1967 apply to a licensed corporation which is an exempt private company subject to the modification that any reference in those sections to an exempt private company does not include a reference to the licensed corporation.[36/2014] (2) Every such licensed corporation must —(a) comply with the prohibitions in sections 162 and 163 of the Companies Act 1967 as if it were not an exempt private company; and (b) forward annually to the Registrar of Companies, together with the annual return required by section 197 of the Companies Act 1967, any copies of documents that are required to be included in the annual return and any certificates and particulars in accordance with the prescribed form mentioned in section 197(2) of that Act as if it were not an exempt private company.[36/2014] (3) In this section, “exempt private company” has the meaning given by the Companies Act 1967.