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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 20-F/A

 

(Mark One)

¨

  

REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

   

OR

  

 

x

  

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

  

For the fiscal year ended March 31, 2004.

OR

  

 

¨

  

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

  

For the transition period                     to                     

 

Commission file number: 0-30314

 


 

BONTAN CORPORATION INC.

(Exact name of Registrant as specified in its charter)

 

PROVINCE OF ONTARIO, CANADA

(Jurisdiction of incorporation or organization)

  

47 Avenue Road, Suite 200

Toronto, Ontario, M5R 2G3

(Address of principal executive offices)

 

  

Securities registered or to be registered pursuant to Section 12(b) of the Act:   None.

  

Securities registered or to be registered pursuant to Section 12(g) of the Act.

 

 

Common Shares Without Par Value

 

 

 

Title of each class

 

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:    None

 



Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:   9,599,453 (including 1,031,190 subscribed but not issued as at March 31, 2004).

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  x  No  ¨

 

Indicate by check mark which financial statement item the registrant has elected to follow.

x  Item 17    ¨  Item 18

 




PURPOSE OF FILING AMENDMENT NO. 1 ON FORM 20-F/A


We are filing this amendment to our Form 20-F for the year ended December 31, 2004, which was filed with the Securities and Exchange Commission on August 30, 2004 for the sole purpose of amending our disclosure contained in Item 15 in its entirety as follows:


ITEM 15 – CONTROLS AND PROCEDURES


A.   Evaluation of Disclosure Controls and Procedures


Our management, which comprises our Chief Executive Officer (our principal executive officer and principal financial officer), has reviewed and evaluated the effectiveness of our design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this report. Based upon this review and evaluation, our Chief Executive Officer concluded that, the Company's disclosure controls and procedures are effective in timely alerting them to the material information relating to the Company (or the Company's consolidated subsidiaries) required to be included in the Company's periodic reports filed with the Commission, that the Company's disclosure controls and procedures are effective in ensuring that information required to be disclosed by us in our periodic reports is recorded, processed, summarized and r eported within the time periods specified in the Commission's rules and forms, and that the information is accumulated and communicated to the issuer's management to allow timely decisions regarding required  disclosures.  

      

B.   Changes in Internal Controls


Our management has reviewed and evaluated any changes in our internal control over financial reporting that occurred as of the end of the period covered by this report and there has been no change that has materially affected or is reasonably likely to materially affect our internal control over financial reporting.


On May 17, 2004, Mr. Terence Robinson resigned from the board as CEO. He was replaced by Mr. Kevin Markland as non executive independent director. Mr. Kam Shah assumed the dual role of CEO and CFO and is currently the only executive director of the Company. Given the current size and nature of operations of the Company, strong financial and business background of Mr. Shah and existence of two independent directors out of three, the Company believes that these changes would not adversely affect the Company's disclosure controls and procedures.



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SIGNATURES


The Company hereby certifies that it meets all of the requirements for filing on Form 20-F and has duly caused and authorized the undersigned to sign this Amendment No. 1 to Annual Report on its behalf.  


Dated at Toronto, Ontario, Canada, this 9th day of May, 2005.


BONTAN CORPORATION INC.


By:_/s/Kam Shah____________________________           

Kam Shah

Chairman and CEO







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