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Companies Act 1985
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Rhagor o Adnoddau
Changes over time for: Section 385
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 01/10/2007- Amendment
- 01/10/2007
Point in time - 06/04/2008- Amendment
Status:
Point in time view as at 01/10/2007. This version of this provision has been superseded.
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Companies Act 1985, Section 385 is up to date with all changes known to be in force on or before 02 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1[F2385 Appointment at general meeting at which accounts laid.E+W+S
(1)This section applies to every public company F3. . . .
(2)The company shall, at each general meeting at which accounts are laid, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of the next general meeting at which accounts are laid.
(3)The first auditors of the company may be appointed by the directors at any time before the first general meeting of the company at which accounts are laid; and auditors so appointed shall hold office until the conclusion of that meeting.
(4)If the directors fail to exercise their powers under subsection (3), the powers may be exercised by the company in general meeting.]]
Textual Amendments
F1S. 385 repealed (1.10.2007 with application to private companies) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/2194, art. 8, Sch. 2 Pt. 1 (with art. 12)
F2New ss. 384–388A inserted (subject to the savings and transitional provisions in S.I. 1990/355, arts. 4, 10, Sch. 4) by Companies Act 1989 (c. 40, SIF 27), ss. 118, 119(1), 213(2), (as part of the text inserted to replace Chapter V as mentioned in s. 118 of the 1989 Act)
F3Words in s. 385(1) omitted (1.10.2007 with effect in accordance with Sch. 4 para. 8(6) of the amending S.I.) by virtue of The Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007 (S.I. 2007/2194), art. 10(1), Sch. 4 para. 8(2) (with art. 12)
Modifications etc. (not altering text)
C1S. 385 applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I
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