C2Part 16Audit

Annotations:
Modifications etc. (not altering text)

Chapter 6Auditors' liability

Liability limitation agreements

I1C1538Disclosure of agreement by company

1

A company which has entered into a liability limitation agreement must make such disclosure in connection with the agreement as the Secretary of State may require by regulations.

2

The regulations may provide, in particular, that any disclosure required by the regulations shall be made—

a

in a note to the company's annual accounts (in the case of its individual accounts) or in such manner as is specified in the regulations (in the case of group accounts), or

b

in the directors' report.

3

Regulations under this section are subject to negative resolution procedure.