The Companies (Revision of Defective Accounts and Report) Regulations 1990

Effect of revision

8.—(1) Upon the directors approving revised accounts under Regulation 4, the provisions of the Act shall have effect as if the revised accounts were, as from the date of their approval, the annual accounts of the company in place of the original annual accounts.

(2) In particular, the revised accounts shall thereupon be the company’s annual accounts for the relevant financial year for the purposes of:

(a) sections 239 (right to demand copies of accounts and reports) and 240(5) (requirements in connection with publication of accounts) of the Act; and

(b) sections 238 (persons entitled to receive copies of accounts and reports), 241 (accounts and reports to be laid before company in general meeting) and 242 (accounts and reports to be delivered to the registrar) if the requirements of those sections have not been complied with prior to the date of revision.