Government amendment No. 32: In page 278, to delete lines 27 to 32 and substitute the following:"(6) Subject to subsection (7), the reference in subsection (5)to the net assets of the company is a reference to net assets, as defined in section 275(1), of the company and for this purpose the amount of its net assets shall be ascertained by reference to the entity financial statements prepared under section 290and laid in accordance with section 341in respect of the last preceding financial year in respect of which such entity financial statements were so laid. (7) Where no entity financial statements of the company have been prepared and laid under the foregoing sections before that time, the reference in subsection (5)to the net assets of the company shall be taken to be a reference to the amount of its called-up share capital at the time of the contravention.".