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Companies Act 2006

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Changes over time for: Section 720

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Version Superseded: 06/04/2016

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Point in time view as at 06/04/2015. This version of this provision has been superseded. Help about Status

Changes to legislation:

Companies Act 2006, Section 720 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

720Directors' statement and auditor's report to be available for inspectionU.K.
This section has no associated Explanatory Notes

(1)The directors' statement and auditor's report must be kept available for inspection throughout the period—

(a)beginning with the day on which the company—

(i)first publishes the notice required by section 719(1), or

(ii)if earlier, first publishes or gives the notice required by section 719(2), and

(b)ending five weeks after the date of the resolution for payment out of capital.

(2)They must be kept available for inspection—

(a)at the company's registered office, or

(b)at a place specified in regulations under section 1136.

(3)The company must give notice to the registrar—

(a)of the place at which the statement and report are kept available for inspection, and

(b)of any change in that place,

unless they have at all times been kept at the company's registered office.

(4)They must be open to the inspection of any member or creditor of the company without charge.

(5)If default is made for 14 days in complying with subsection (3), or an inspection under subsection (4) is refused, an offence is committed by—

(a)the company, and

(b)every officer of the company who is in default.

(6)A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

(7)In the case of a refusal of an inspection required by subsection (4), the court may by order compel an immediate inspection.

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