SCHEDULES
SCHEDULE 9Removal of special provisions about accounts and audit of charitable companies
Part 1The Companies Act 1985 (c. 6)
1
In section 240 (requirements in connection with publication of accounts)—
a
in subsection (1) omit from “or, as the case may be,” to “section 249A(2)”;
b
in subsection (3)(c) omit from “and, if no such report” to “any financial year”;
c
after subsection (3)(c) insert “
, and
”
;
d
omit subsection (3)(e) and the “, and” preceding it;
e
in the closing words of subsection (3) omit from “or any report” to “section 249A(2)”.
2
In section 245 (voluntary revision of annual accounts or directors' report), in subsection (4)(b) omit “or reporting accountant”.
3
In section 249A (exemptions from audit)—
a
omit subsections (2), (3A) and (4);
b
in subsection (6) for “figures for turnover or gross income” substitute “
figure for turnover
”
;
c
in subsection (6A) omit “or (2)”;
d
in subsection (7) omit the definition of “gross income” and the “, and” preceding it.
4
In section 249B (cases where exemptions not available)—
a
in the opening words of subsection (1) omit “or (2)”;
b
in subsection (1C)(b) omit from “where the company referred to” to “is not a charity”;
c
in subsection (3) omit “or (2)”;
d
in subsection (4), in the opening words and in paragraph (a), omit “or (2)”.
5
Omit section 249C (report required for purposes of section 249A(2)).
6
Omit section 249D (the reporting accountant).
7
In section 249E (effect of exemptions) omit subsection (2).
8
In section 262A (index of defined expressions) omit the entry for “reporting accountant”.