
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 837


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2022.
Changes to legislation:
Companies Act 2006, Section 837 is up to date with all changes known to be in force on or before 09 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.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
837Requirements where last annual accounts usedU.K.
This section has no associated Explanatory Notes
(1)The company's last annual accounts means the company's individual accounts—
(a)that were last circulated to members in accordance with section 423 (duty to circulate copies of annual accounts and reports), or
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)The accounts must have been properly prepared in accordance with this Act, or have been so prepared subject only to matters that are not material for determining (by reference to the items mentioned in section 836(1)) whether the distribution would contravene this Part.
(3)Unless the company is exempt from audit and the directors take advantage of that exemption, the auditor must have made his report on the accounts.
(4)If that report was qualified—
(a)the auditor must have stated in writing (either at the time of his report or subsequently) whether in his opinion the matters in respect of which his report is qualified are material for determining whether a distribution would contravene this Part, and
(b)a copy of that statement must—
(i)in the case of a private company, have been circulated to members in accordance with section 423, or
(ii)in the case of a public company, have been laid before the company in general meeting.
(5)An auditor's statement is sufficient for the purposes of a distribution if it relates to distributions of a description that includes the distribution in question, even if at the time of the statement it had not been proposed.
Textual Amendments
Commencement Information
Back to top