SCHEDULES
F1F1SCHEDULE 7
Annotations:
Amendments (Textual)
Part II [Part II of Schedule 9 to the Companies Act 1985]
Accounts of Banking or Insurance Group
Companies entitled to benefit of exemptions
5
1
Where a banking or insurance company is entitled to the exemptions conferred by paragraph 27 or 28 of Part I of this Schedule, a group headed by that company is similarly entitled.
2
Paragraphs 27(4), 28(2) and 28A (accounts not to be taken to be other than true and fair; duty of auditors) apply accordingly where advantage is taken of those exemptions in relation to group accounts.
Sch. 7 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12)