11(1)The corporation’s accounts and statements of accounts shall be audited by an auditor to be appointed annually by the Secretary of State in relation to the corporation.
(2)A person shall not be qualified for appointment under sub-paragraph (1) above unless he is qualified for appointment as auditor of a company under [F1section 389 of the M1Companies Act 1985]
(3)A person shall not be qualified for appointment under sub-paragraph (1) above if the person is—
(a)a member, officer or servant of the corporation,
(b)a partner of, or employed by, a member, officer or servant of the corporation, or
(c)a body corporate.
Textual Amendments
F1Words substituted by Companies Consolidation (Consequential Provisions) Act 1985 (c. 9, SIF 27), c. 30, Sch. 2
Marginal Citations
M11985 c 6 (27).