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3. The following shall be inserted in Schedule 8 as Part II immediately after the Part inserted by paragraph 2 above:—
15. The directors' report of a small company need not give any of the information required by or under the following provisions:—
(a)section 234(1)(a) and (b) (fair review of business, amount to be paid as dividend and amount to be carried to reserves),
(b)paragraph 1 of Schedule 7 (asset values),
(c)paragraph 5A of Schedule 7 (insurance effected for officers or auditors),
(d)paragraph 6 of Schedule 7 (miscellaneous disclosures),
(e)paragraph 10 of Schedule 7 (health, safety and welfare at work of company’s employees),
(f)paragraph 11 of Schedule 7 (employee involvement).”.
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