# Companies (1986 Order) (Audit Exemption) (Amendment) Regulations (Northern Ireland) 2001, Regulation 8: Minor and consequential amendments


(1) In paragraph (9) of Article 254 (special provisions for small companies), for the words from “the company” to the end, substitute “the directors of the company have taken advantage of the exemption from audit conferred by Article 257AA (dormant companies)”.
(2) In paragraph (1) of Article 255B (special auditors' report)—
(a) in sub-paragraph (b), after “Article 257A(1) or (2)” insert “or Article 257AA”,
(b) omit “and” at the end of sub-paragraph (b), and
(c) omit sub-paragraph (c).
(3) In paragraph (3) of Article 257C (the report required for the purposes of Article 257A(2)), omit from “(or, where the company is a charity,” to “that Article)”.
(4) In paragraph (1) of Article 257E (effect of audit exemptions), after “Article 257A(1)” insert “or 257AA(1)”.
(5) After paragraph (1) of Article 257E insert—
“(1A) Where the directors of a company have taken advantage of the exemption conferred by Article 257AA, then for the purposes of that Article the company shall be treated as a company entitled to prepare accounts in accordance with Article 254 even though it is a member of an ineligible group.”.
(6) Article 258 (resolution not to appoint auditors) is hereby repealed.
(7) In paragraph 4(a) of Article 297 (particulars of directors to be registered under Article 296), for “Article 258(3)” substitute “Article 257AA(4)”.
(8) In paragraph (2) of Article 394 (election by private company to dispense with annual appointment of auditors), for paragraph (a) substitute—
“(a) the directors of the company have taken advantage of the exemption conferred by Article 257A or 257AA, or”.
(9) In paragraph (1) of Article 396A (certain companies exempt from obligation to appoint auditors) for “Article 258” substitute “Article 257AA”.
(10) In paragraph 2(2)(a) of Schedule 1 (particulars of directors etc to be contained in statement under Article 21), for “Article 258(3)” substitute “Article 257AA(4)”.

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Source: https://www.legislation.gov.uk/nisr/2001/153/regulation/8 (the official version)
Page: https://openlegislation.uk/companies-1986-order-audit-exemption-amendment-regulations-northern-ireland-2001/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.