Minor and consequential amendments
8.—(1) In subsection (9) of section 246 (special provisions for small companies)(), for the words from “the company” to the end, substitute “the directors of the company have taken advantage of the exemption from audit conferred by section 249AA (dormant companies)”.
(2) In subsection (1) of section 247B (special auditors' report)()—
(a)in paragraph (b), after “section 249A(1) or (2)” insert “or section 249AA”,
(b)omit “and” at the end of paragraph (b), and
(c)omit paragraph (c).
(3) In subsection (3) of section 249C (the report required for the purposes of section 249A(2))(), omit from “(or, where the company is a charity,” to “that section)”.
(4) In subsection (1) of section 249E (effect of audit exemptions)(), after “section 249A(1)” insert “or 249AA(1)”.
(5) After subsection (1) of section 249E insert—
“(1A) Where the directors of a company have taken advantage of the exemption conferred by section 249AA, then for the purposes of that section the company shall be treated as a company entitled to prepare accounts in accordance with section 246 even though it is a member of an ineligible group.”
(6) Section 250 (resolution not to appoint auditors)() is hereby repealed.
(7) In subsection (4)(a) of section 289 (particulars of directors to be registered under section 288)(), for “section 250(3)” substitute “section 249AA(3)”.
(8) In subsection (2) of section 386 (election by private company to dispense with annual appointment of auditors)(), for paragraph (a) substitute—
“(a)the directors of the company have taken advantage of the exemption conferred by section 249A or 249AA, or”.
(9) In subsection (1) of section 388A (certain companies exempt from obligation to appoint auditors)(), for “section 250” substitute “section 249AA”.
(10) In paragraph 2(2)(a) of Schedule 1 (particulars of directors etc to be contained in statement under section 10)(), for “section 250(3)” substitute “section 249AA(3)”.