The Companies (Northern Ireland) Order 1990 No. 593 (NI. 5)

SCHEDULES

SCHEDULE 6 [SCHEDULE 8 TO THE 1986 ORDER]EXEMPTIONS FOR SMALL AND MEDIUM-SIZED COMPANIES

PART III SUPPLEMENTARY PROVISIONS

Statement that advantage taken of exemptions

7.—(1) Where the directors of a company take advantage of the exemptions conferred by Part I or Part II, the company’s balance sheet shall contain—

(a) a statement that advantage is taken of the exemptions conferred by Part I or, as the case may be, Part II, and

(b) a statement of the grounds on which, in the directors' opinion, the company is entitled to those exemptions.

(2) The statements shall appear in the balance sheet immediately above the signature required by Article 241.