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Companies Act 1985

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Changes over time for: Section 249E

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Version Superseded: 26/05/2000

Status:

Point in time view as at 02/02/1996. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Section 249E. Help about Changes to Legislation

F1249E Effect of exemptionsE+W+S

(1)Where the directors of a company have taken advantage of the exemption conferred by section 249A(1)—

(a)sections 238 and 239 (right to receive or demand copies of accounts and reports) shall have effect with the omission of references to the auditors’ report;

(b)no copy of an auditors’ report need be delivered to the registrar or laid before the company in general meeting;

(c)subsections (3) to (5) of section 271 (accounts by reference to which distribution to be justified) shall not apply.

(2)Where the directors of a company have taken advantage of the exemption conferred by section 249A(2)—

(a)subsections (2) to (4) of section 236 (which require copies of the auditos report to state the names of the auditors) shall have effect with the substitution for references to the auditors and the auditors’ report of references to the reporting accountant and the report made for the purposes of section 249A(2) respectively;

(b)sections 238 and 239 (right to receive or demand copies of accounts and reports), section 241 (accounts and reports to be laid before company in general meeting) and section 242 (accounts and reports to be delivered to the registrar) shall have effect with the substitution for references to the auditors’ report of references to the report made for the purposes of section 249A(2);

(c)subsections (3) to (5) of section 271 (accounts by reference to which distribution to be justified) shall not apply;

(d)section 389A(1) and (2) (rights to information) shall have effect with the substitution for references to the auditors of references to the reporting accountant.

Textual Amendments

F1Ss. 249A-249E and preceding cross-heading inserted (11.8.1994) by S.I. 1994/1935, reg. 2

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