Part 2 Miscellaneous
Deregulation Act 2015 (2015 c 20) | Legislation

Part 2 Miscellaneous

13

Chapter 4 of Part 16 of the Companies Act 2006 is further amended as follows.

Failure to re-appoint auditor: special procedure requirements

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(1)     Section 514 (failure to re-appoint auditor: special procedure required for written resolution) is amended as follows.

(2)     For subsections (1) and (2) substitute—

“(1)     This section applies where a resolution is proposed as a written resolution of a private company whose effect would be to appoint a person as auditor in place of a person (the “outgoing auditorâ€) who, at the time the resolution is proposed, is an auditor of the company and who is to cease to hold office at the end of a period for appointing auditors.

But this section does not apply if the auditor is to cease to hold office by virtue of section 510 or 516.

(2)     This section also applies where a resolution is proposed as a written resolution of a private company whose effect would be to appoint a person as auditor where, at the time the resolution is proposed, the company does not have an auditor and the person proposed to be appointed

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