Paragraph 11

United Kingdom

(1)

This paragraph applies in place of F1section 391(2) to (7) of the Companies Act 2006 (accounting reference periods, &c.).

(2)

The Corporation’s accounting reference date shall be the date specified by the Secretary of State under section 1(3)(a) of this Act.

(3)

The Corporation shall have an accounting reference period consisting of the period of more than six months, but not more than 18 months—

(a)

beginning with the day after the last financial year of the Corporation to end before registration, and

(b)

ending with the accounting reference date.

(4)

Each subsequent accounting reference period shall be a period of 12 months—

(a)

beginning immediately after the end of the previous accounting reference period, and

(b)

ending with the accounting reference date.

(5)

This paragraph is subject to the provisions of F2section 392 of the Companies Act 2006 relating to the alteration of accounting reference dates and the consequences of such alteration.

Annotations

Textual amendments

F1: Words in Sch. 2 para. 11(1) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), Sch. 1 para. 209(3)(a) (with arts. 6, 11, 12)
F2: Words in Sch. 2 para. 11(5) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), Sch. 1 para. 209(3)(b) (with arts. 6, 11, 12)