Companies Act 2014

1218.

Application of sections 334, 359 and 362 to a CLG

1218. (1) Section 334 shall apply to a CLG with the following modifications:

(a) the following subsection shall be substituted for subsection (1):

“(1) Any member of a company may serve a notice in writing on the company stating that that member does not wish the audit exemption to be available to the company in a financial year specified in the notice.”;

(b) subsection (3) shall be omitted; and

(c) the following subsection shall be substituted for subsection (4):

“(4) For the avoidance of doubt, the reference in subsection (1) to the member’s not wishing the audit exemption to be available to the company in a specified financial year is, if the company is a subsidiary undertaking, a reference to the member’s not wishing the audit exemption to be available to the subsidiary undertaking irrespective of whether its holding company and any other undertakings in the group avail themselves of the audit exemption in that year.”.

(2) F444 [ ]

(3) F444 [ ]

Annotations

Amendments:

F444

Repealed (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 3(i), S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.