28.
(1) A non-profit company is exempted from sections 149 to 156 of the Act but the company must within 15 days after its annual meeting, send to the Registrar a copy of its annual financial statement showing—
(a) the assets and liabilities of the company in the form of a balance sheet; and
(b) the revenue and expenditure of the company since the date of incorporation or the date of the previous financial statement.
(2) The annual financial statement mentioned in subregulation (1) must be accompanied by the report of the auditor of the company and must be approved by the directors of the company and the approval must be evidenced by the signature of one or more directors.