Part 1 Notification Requirements
Deregulation Act 2015 (2015 c 20) | Legislation

SCHEDULE 5 Auditors Ceasing to Hold Office

Section 18

Part 1 Notification Requirements

1

Chapter 4 of Part 16 of the Companies Act 2006 (audit: removal, resignation, etc of auditors) is amended in accordance with paragraphs 2 to 11.

2

Omit section 512 (notice to registrar of resolution removing auditor from office).

3

In section 516 (resignation of auditor), in subsection (2), for “The†substitute “Where the company is a public interest company, theâ€.

4

Omit section 517 (notice to registrar of resignation of auditor).

5

(1)     Section 518 (rights of resigning auditor) is amended as follows.

(2)     In subsection (1), for the words from “auditor's notice of resignation†to the end of the subsection substitute “auditor's (A's) notice of resignation is accompanied by a statement under section 519 except where—

(a)     the company is a non-public interest company, and

(b)     the statement includes a statement to the effect that A considers that none of the reasons for A's ceasing to hold office, and no matters (if any) connected with A's ceasing to hold office, need to be brought to the attention of members

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