Companies Act 2014


F252[Audit exemption (non-group situation) not available in certain cases

363. (1) Subject to subsection (2) and notwithstanding that section 358 is complied with, a company is not entitled to the audit exemption referred to in that section in respect of its statutory financial statements for the 2 financial years immediately succeeding a financial year (in this section referred to as the "relevant financial year") where the company failed to deliver to the Registrar, in compliance with section 343, the companys annual return to which the statutory financial statements or (as appropriate) abridged financial statements for the relevant financial year are annexed.

(2) Subsection (1) shall not apply in the case of an annual return of a company which is the companys first annual return referred to in section 349.]




Substituted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 10, S.I. No. 366 of 2018.

Editorial Notes:


Previous affecting provision: subs. (1)(b) amended (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 60, S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4; section substituted as per F-note above.