SCHEDULE 9Removal of special provisions about accounts and audit of charitable companies
Part 1The Companies Act 1985 (c. 6)
1
In section 240 (requirements in connection with publication of accounts)—
(a)
in subsection (1) omit from “or, as the case may be,” to “section 249A(2)”;
(b)
in subsection (3)(c) omit from “and, if no such report” to “any financial year”;
(c)
after subsection (3)(c) insert “
, and
”
;
(d)
omit subsection (3)(e) and the “, and” preceding it;
(e)
in the closing words of subsection (3) omit from “or any report” to “section 249A(2)”.
2
In section 245 (voluntary revision of annual accounts or directors' report), in subsection (4)(b) omit “or reporting accountant”.
3
In section 249A (exemptions from audit)—
(a)
omit subsections (2), (3A) and (4);
(b)
in subsection (6) for “figures for turnover or gross income” substitute “
figure for turnover
”
;
(c)
in subsection (6A) omit “or (2)”;
(d)
in subsection (7) omit the definition of “gross income” and the “, and” preceding it.
4
In section 249B (cases where exemptions not available)—
(a)
in the opening words of subsection (1) omit “or (2)”;
(b)
in subsection (1C)(b) omit from “where the company referred to” to “is not a charity”;
(c)
in subsection (3) omit “or (2)”;
(d)
in subsection (4), in the opening words and in paragraph (a), omit “or (2)”.
5
Omit section 249C (report required for purposes of section 249A(2)).
6
Omit section 249D (the reporting accountant).
7
In section 249E (effect of exemptions) omit subsection (2).
8
In section 262A (index of defined expressions) omit the entry for “reporting accountant”.
F1Part 2The Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)
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F116
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