Regulation 2 Amendment of section 250

Section 250 of the Companies Act 1985 (resolution not to appoint auditors)^f1 is amended as follows.

In subsection (1), in paragraph (a) the words from “by a special resolution” to the end of that paragraph shall be omitted.

In subsection (1), in paragraph (b) for the words “at which the annual accounts for that year are laid” substitute “at any time after copies of the annual accounts and reports for that year have been sent out in accordance with section 238(1)”.