Explanatory Notes

Companies Act 2006

2006 CHAPTER 46

8 November 2006

Commentary

Schedule 13: Supplementary provisions with respect to delegation order

Section 1260: Meaning of “associate”

1600.This provision restates section 52 of the 1989 Act and defines the meaning of “associate”. This definition is particularly relevant for the independence requirement for statutory auditors set out in section 1214.