The Companies (Northern Ireland) Order 1986 (revoked)

Voluntary revision of annual accounts or directors' reportF6 N.I.

253 .F1 —(1) If it appears to the directors of a company that any annual accounts [F2 or summary financial statement] of the company, or any directors' report[F3 or operating and financial review][F4 or directors' remuneration report], did not comply with the requirements of this Order[F2 (or, where applicable, of Article 4 of the IAS Regulation)], they may prepare revised accounts or a[F3 revised statement, report or review].

(2) Where copies of the previous accounts[F3 , report or review] have been laid before the company in general meeting or delivered to the registrar, the revisions shall be confined to—

(a) the correction of those respects in which the previous accounts[F3 , report or review] did not comply with the requirements of this Order[F2 (or, where applicable, of Article 4 of the IAS Regulation)], and

(b) the making of any necessary consequential alterations.

(3) The Department may make provision by regulations as to the application of the provisions of this Order in relation to revised annual accounts[F2 or a revised summary financial statement] or a revised directors' report[F3 or a revised operating and financial review][F4 or a revised directors' remuneration report].

(4) The regulations may, in particular—

(a) make different provision according to whether the previous accounts[F3 , statement, report or review] are replaced or are supplemented by a document indicating the corrections to be made;

(b) make provision with respect to the functions of the company's auditors[F5 or reporting accountant] in relation to the revised accounts[F3 , statement, report or review];

(c) require the directors to take such steps as may be specified in the regulations where the previous accounts[F3 , report or review] have been—

(i) sent out to members and others under Article 246(1),

(ii) laid before the company in general meeting, or

(iii) delivered to the registrar,

or where a summary financial statement[F3 containing information derived from the previous accounts, report or review] has been sent to members under Article 259;

(d) apply the provisions of this Order (including those creating criminal offences) subject to such additions, exceptions and modifications as are specified in the regulations.

F1 mod. SR 1994/133

F2 SR 2004/496

F3 SR 2005/61

F4 SR 2005/56

F5 SR 1995/128

F6 Order repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16 and the repeal being partly in force, as to which see individual Articles (with savings (with adaptations) by Companies Act 2006 (Commencement No. 6, Saving and Commencement Nos. 3 and 5 (Amendment)) Order 2008 (S.I. 2008/674), arts. 2(3), {4}, Sch. 2) and subject to amendments (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b)(2), Sch. 1 paras. 135, 147, 148 {Sch. 2 Note 1} (with arts. 6, 11, 12) and subject to amendments (6.4.2008) by S.R. 2008/133, {regs. 2, 3}