(1)The accounts of the Company shall be made up to the appointed day and shall be audited by an auditor appointed by the Company, being a person eligible for appointment as a company auditor by virtue of section 25 of the [1989 c. 40.] Companies Act 1989.
(2)The auditor’s fee shall be payable by the registered company.
(3)Any sum due from any person to the Company and certified by the auditor to be so due shall be paid to the registered company.