# Companies (1986 Order) (Audit Exemption) (Amendment) Regulations (Northern Ireland) 2001, Regulation 4: Modification of Article 257B


(1) Article 257B (cases where exemption from audit not available) is modified as follows.
(2) In paragraph (1A), for “Article 258” substitute “Article 257AA”.
(3) In paragraph (1C)—
(a) in sub-paragraph (a), after “Article 257” insert “(or if all bodies corporate in such group were companies, would so qualify)”, and
(b) in sub-paragraph (b)—
(i) after “Article 257) is” insert “, where the company referred to in paragraph (1B) is a charity,”, and
(ii) after “(or £420,000 gross)” insert “or, where the company so referred to is not a charity, not more than £1 million net (or £1.2 million gross)”
(4) In paragraph (3), after “Article 257A” insert “or by paragraph (1) of Article 257AA”.
(5) In paragraph (4)—
(a) after “paragraph (1) or (2) of Article 257A”, insert “or by paragraph (1) of Article 257AA”,
(b) in sub-paragraph (a), omit “(as the case may be)”, and after “Article 257A” insert “or paragraph (1) of Article 257AA”, and
(c) for sub-paragraph (b) substitute—
“(b) to the effect that members have not required the company to obtain an audit of its accounts for the year in question in accordance with paragraph (2), and”.

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Source: https://www.legislation.gov.uk/nisr/2001/153/regulation/4 (the official version)
Page: https://openlegislation.uk/companies-1986-order-audit-exemption-amendment-regulations-northern-ireland-2001/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.