HL Deb 07 November 1989 vol 512 cc608-9

32 Clause 13, page 27, line 1, leave out 'sections are' and insert 'section is'

33 Page 27, line 5, leave out from 'the' to 'in' in line 6 and insert 'provisions of this Part relating to the audit of accounts'.

34 Page 27, line 38, leave out from beginning to end of line 26 on page 28 and insert— '(4) Where a company is, at the end of a financial year, exempt by virtue of this section from the provsiions of this Part relating to the audit of accounts —

  1. (a) sections 238 and 239 (right to receive or demand copies of accounts and reports) have effect with the omission of references to the auditors' report;
  2. (b) no copies of an auditors' report need be laid before the company in general meeting;
  3. (c) no copy of an auditors' report need be delivered to the registrar, and if none is delivered, the copy of the balance sheet so delivered shall contain a statement by the directors, in a position immediately above the signature required by section 233(4), that the company was dormant throughout the financial year; and
    4. 609
  4. (d) the company shall be treated as entitled in respect of its individual accounts for that year to the exemptions conferred by section 246 on a small company, notwithstanding that it is a member of an ineligible group.

(5) Where a company which is exempt by virtue of this section from the provisions of this Part relating to the audit of accounts—

  1. (a) ceases to be dormant, or
  2. (b) would no longer qualify (for any other reason) to make itself exempt by passing a resolution under this section,
it shall thereupon cease to be so exempt.".'.

35 Clause 14, page 28, line 39, leave out 'Great Britain and' and insert 'the United Kingdom and the Republic of.

Lord Strathclyde

My Lords, I beg to move that the House do agree with the Commons in their Amendments Nos. 32 to 35 en bloc. I should point out that Amendment No. 33 has been corrected.

Moved, That the House do agree with the Commons in the said amendments.—(Lord Strathclyde.)

On Question, Motion agreed to.