3. The following shall be inserted in Schedule 8 as Part 11 immediately after the Part inserted by paragraph 2—
“Part 11Exemptions with Respect to Directors' Report
15. The directors' report of a small company need not give any of the information required by or under the following provisions—
(a)Article 242(1)(a) and (b) (fair review of business, amount to be paid as dividend and amount to be carried to reserves)(1);
(b)paragraph 1 of Schedule 7 (asset values)(2);
(c)paragraph 5A of Schedule 7 (insurance effected for officers or auditors)(3);
(d)paragraph 6 of Schedule 7 (miscellaneous disclosures)(4);
(e)paragraph 10 of Schedule 7 (health, safety and welfare at work of company’s employees); and
(f)paragraph 11 of Schedule 7 (employee involvement)(5).”.
Article 242 was inserted into the 1986 Order by Article 10(1) of the Companies (Northern Ireland) Order 1990.
Paragraph 1 of Schedule 7 to the 1986 Order has been amended by Article 10(2) of, and paragraph 2(1) of Schedule 5 to, the Companies (Northern Ireland) Order 1990.
Paragraph 5A of Schedule 7 to the 1986 Order was inserted by Article 72(2) of the Companies (No. 2) (Northern Ireland) Order 1990, S.I. 1990/1504 (N.I. 10).
Paragraph 6 of Schedule 7 to the 1986 Order has been amended by Article 10(2) of, and paragraph 2(2) of Schedule 5 to, the Companies (Northern Ireland) Order 1990.
Paragraph 11 of Schedule 7 was inserted into the 1986 Order by Article 3(2) of the Industrial Relations (Northern Ireland) Order 1987, S.I. 1987/936 (N.I. 9).