Companies Act 2014

341.

Financial statements and reports to be laid before company in general meeting

341. (1) The directors of a company shall, in respect of each financial year, lay before the company in general meeting copies of—

(a) the statutory financial statements of the company for the financial year,

(b) F168 [ subject to subsection (1A) , the directors report ], including any group directors’ report, for the financial year,

(c) the statutory auditors’ report on those financial statements and that directors’ report.

F169 [ (1A) Subsection (1)(b) shall not apply to a company that qualifies for the micro companies regime and has availed itself of the exemption, under section 325(1A) , from preparing a directors report. ]

(2) Those financial statements and those reports of the directors and the statutory auditors for a financial year shall be so laid not later than 9 months after the financial year end date.

(3) The statutory auditors’ report shall be open to inspection by any member at the general meeting.

(4) Where section 175(3) (dispensing with the holding of an annual general meeting) is availed of, then subsections (1) and (3) shall be disregarded and subsection (2) shall apply as if the reference in it to the laying of financial statements by the time referred to in that subsection were a reference to those statements being provided, by that time, to all the members (entitled to attend and vote at an annual general meeting) for the purpose of their signing the written resolution referred to in section 175(3) .

Annotations

Amendments:

F168

Substituted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 49(a), S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.

F169

Inserted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 49(b), S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.

Modifications (not altering text):

C67

Application of section restricted (1.01.2020) by European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 (S.I. No. 597 of 2019), reg. 15, in effect as per reg. 1(2), (3).

Non-application of certain provisions of Principal Act

15. Sections 281 to 286, 305A, 312, 318, 319, 325(1)(c), (d) and (e), 326(1)(c) and (d) and (2)(d), 328, 338, 339, 341, 375, 381 to 385, 392, 396 to 398, 401 and 402 of the Principal Act shall not apply to a qualifying partnership.