(1)The remuneration of auditors appointed by the company in general meeting shall be fixed by the company in general meeting or in such manner as the company in general meeting may determine.
(2)The remuneration of auditors appointed by the directors or the Secretary of State shall be fixed by the directors or the Secretary of State, as the case may be.
(3)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)For the purposes of this section “remuneration” includes sums paid in respect of expenses.
(5)This section applies in relation to benefits in kind as to [F2payments of money.]
Textual Amendments
F1S. 390A(3) repealed (1.10.2005) by Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27), ss. 7(2)(a), 64, 65, Sch. 8; S.I. 2004/3322, art. 2(4), Sch. 4 (subject to arts. 3-13)
F2Words in s. 390A(5) substituted (1.10.2005) by Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27), ss. 7(2)(b), 65, Sch. 8; S.I. 2004/3322, art. 2(4), Sch. 4 (subject to arts. 3-13)
Modifications etc. (not altering text)
C1S. 390A applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I