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The Companies (Northern Ireland) Order 1990 (repealed)

Changes to legislation:

The Companies (Northern Ireland) Order 1990 (repealed) is up to date with all changes known to be in force on or before 25 April 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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  1. Introductory Text

  2. PART I INTRODUCTORY

    1. 1.Title and commencement

    2. 2.Interpretation

  3. PART II COMPANY ACCOUNTS

    1. Introduction

      1. 3.Introduction

    2. Provisions applying to companies generally

      1. 4.Accounting records

      2. 5.A company's financial year and accounting reference periods

      3. 6.Individual company accounts

      4. 7.Group accounts

      5. 8.Additional disclosure required in notes to accounts

      6. 9.Approval and signing of accounts

      7. 10.Directors' report

      8. 11.Auditors' report

      9. 12.Publication of accounts and reports

      10. 13.Laying and delivering of accounts and reports

      11. 14.Remedies for failure to comply with accounting requirements

    3. Exemptions and special provisions

      1. 15.Small and medium‐sized companies and groups

      2. 16.Dormant companies

      3. 17.Public listed companies: provision of summary financial statement

      4. 18.Private companies: election to dispense with laying of accounts and reports before general meeting

      5. 19.Unlimited companies: exemption from requirement to deliver accounts and reports

      6. 20.Banking and insurance companies and groups: special provisions

    4. Supplementary provisions

      1. 21.Accounting standards

      2. 22.Power to alter accounting requirements

      3. 23.Parent and subsidiary undertakings

      4. 24.Other interpretation provisions

      5. Article 25—Amendments

      6. Article 26—Repeals

  4. PART III ELIGIBILITY FOR APPOINTMENT AS COMPANY AUDITOR

    1. Introduction

      1. 27.Introduction

    2. Eligibility for appointment

      1. 28.Eligibility for appointment

      2. 29.Effect of appointment of partnership

      3. 30.Ineligibility on ground of lack of independence

      4. 31.Effect of ineligibility

      5. 32.Power of Department to require second audit

    3. Recognition of supervisory bodies and professional qualifications

      1. 33.Supervisory bodies

      2. 34.Meaning of “appropriate qualification”

      3. 35.Qualifying bodies and recognised professional qualifications

      4. 36.Approval of overseas qualifications

    4. Duties of recognised bodies

      1. 37.The register of auditors

      2. 38.Information about firms to be available to public

      3. 39.Matters to be notified to the Department

      4. 40.Power to call for information

      5. 41.Compliance orders

      6. 42.Directions to comply with international obligations

    5. Offences

      1. 43.False and misleading statements

      2. 44.Offences by bodies corporate, partnerships and unincorporated associations

      3. 45.Time limits for prosecution of offences

      4. 46.Jurisdiction and procedure in respect of offences

    6. Supplementary provisions

      1. 47.Fees

      2. 48.Delegation of functions of Department

      4. Art. 49 rep. by 2004 c. 27

      5. 50.Exemption from liability for damages

      6. 51.Service of notices

      7. 52.Power to make consequential amendments

      8. 53.Power to make provision in consequence of changes affecting accountancy bodies

      9. 54.Meaning of “associate”

      10. 55.Minor definitions

      11. 56.Index of defined expressions

      12. Article 57—Repeals

  5. SCHEDULES

    1. Schedule 1—Amendments

    2. Schedule 2—Amendments

    3. Schedule 3—Amendments

    4. Schedule 4—Amendments

    5. Schedule 5—Amendments

    6. Schedule 6—Amendments

    7. Schedule 7—Amendments

    8. Schedule 8—Amendments

    9. Schedule 9—Amendments

    10. Schedule 10—Amendments

    11. SCHEDULE 11

      RECOGNITION OF SUPERVISORY BODY

      1. PART I GRANT AND REVOCATION OF RECOGNITION

        1. Application for recognition of supervisory body

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 1.(1) A supervisory body may apply to the Department for an order declaring it to...

        2. Grant and refusal of recognition

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 2.(1) The Department may, on an application duly made in accordance with paragraph 1 and...

        3. Revocation of recognition

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 3.(1) A recognition order may be revoked by a further order made by the Department...

      2. PART II REQUIREMENTS FOR RECOGNITION

        1. Holding of appropriate qualification

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 4.(1) The body must have rules to the effect that a person is not eligible...

          3. This div-1 has a number but no title; creating a P1group with an empty Title

          4. 5.(1) The following provisions explain what is meant in paragraph 4(1)(b)(ii) by a firm being...

        2. Auditors to be fit and proper persons

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 6.(1) The body must have adequate rules and practices designed to ensure that the persons...

        3. Professional integrity and independence

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 7.(1) The body must have adequate rules and practices designed to ensure— (a) that company...

        4. Technical standards

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 8.The body must have rules and practices as to the technical standards to be applied...

        5. Procedures for maintaining competence

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 9.The body must have rules and practices designed to ensure that persons eligible under its...

        6. Monitoring and enforcement

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 10.(1) The body must have adequate arrangements and resources for the effective monitoring and enforcement...

        8. Membership, eligibility and discipline

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 11.The rules and practices of the body relating to— (a) the admission and expulsion of...

        9. Investigation of complaints

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 12.(1) The body must have effective arrangements for the investigation of complaints— (a) against persons...

        11. Meeting of claims arising out of audit work

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 13.(1) The body must have adequate rules or arrangements designed to ensure that persons eligible...

        12. Register of auditors and other information to be made available

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 14.The body must have rules requiring persons eligible under its rules for appointment as a...

        13. Taking account of costs of compliance

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 15.The body must have satisfactory arrangements for taking account, in framing its rules, of the...

        14. Promotion and maintenance of standards

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 16.The body must be able and willing to promote and maintain high standards of integrity...

    12. SCHEDULE 12

      RECOGNITION OF PROFESSIONAL QUALIFICATION

      1. PART I GRANT AND REVOCATION OF RECOGNITION

        1. Application for recognition of professional qualification

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 1.(1) A qualifying body may apply to the Department for an order declaring a qualification...

          3. This div-1 has a number but no title; creating a P1group with an empty Title

          4. 2.(1) The Department may, on an application duly made in accordance with paragraph 1 and...

        2. Revocation of recognition

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 3.(1) A recognition order may be revoked by a further order made by the Department...

      2. PART II REQUIREMENTS FOR RECOGNITION

        1. Entry requirements

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 4.(1) The qualification must only be open to persons who have attained university entrance level...

        2. Course of theoretical instruction

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 5.The qualification must be restricted to persons who have completed a course of theoretical instruction...

        3. Sufficient period of professional experience

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 6.(1) The references in paragraphs 4 and 5 to a sufficient period of professional experience...

        4. Examination

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 7.(1) The qualification must be restricted to persons who have passed an examination (at least...

        5. Practical training

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 8.(1) The qualifications must be restricted to persons who have completed at least three years'...

        6. The body offering the qualification

          1. This div-1 has a number but no title; creating a P1group with an empty Title

          2. 9.(1) The body offering the qualification must have— (a) rules and arrangements adequate to ensure...

    13. SCHEDULE 13

      SUPPLEMENTARY PROVISIONS WITH RESPECT TO DELEGATION ORDER

      1. Introductory

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 1.The following provisions have effect in relation to a body established by a delegation order...

      2. Status

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 2.The body shall not be regarded as acting on behalf of the Crown and its...

      3. Name, members and chairman

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 3.(1) The body shall be known by such name as may be specified in the...

      4. Financial provisions

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 4.(1) The body shall pay to its chairman and members such remuneration, and such allowances...

      5. Proceedings

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 5.(1) The delegation order may contain such provision as the Department considers appropriate with respect...

      6. Fees

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 6.(1) The body may retain fees payable to it. (2) The fees shall be applied...

      7. Legislative functions

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 7.(1) Regulations made by the body in the exercise of the functions transferred to it...

        3. This div-1 has a number but no title; creating a P1group with an empty Title

        4. 8.(1) Immediately after an instrument is made it shall be printed and made available to...

        5. This div-1 has a number but no title; creating a P1group with an empty Title

        6. 9.(1) The production of a printed copy of an instrument purporting to be made by...

      8. Report and accounts

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 10.(1) The body shall at least once in each year for which the delegation order...

      9. Other supplementary provisions

        1. This div-1 has a number but no title; creating a P1group with an empty Title

        2. 11.(1) The transfer of a function to a body established by a delegation order does...

        3. This div-1 has a number but no title; creating a P1group with an empty Title

        4. 12.Where a delegation order is revoked, the Department may by order make provision— (a) for...

    14. Schedule 14 rep. by 2004 c. 27

    15. Schedule 15—Repeals

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