{
  "url": "https://openlegislation.uk/companies-act-2006/section-492",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-492.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/492",
  "kind": "section",
  "number": "492",
  "heading": "Fixing of auditor's remuneration",
  "text": "(1) The remuneration of an auditor appointed by the members of a company must be fixed by the members by ordinary resolution or in such manner as the members may by ordinary resolution determine.\n(2) The remuneration of an auditor appointed by the directors of a company must be fixed by the directors.\n(3) The remuneration of an auditor appointed by the Secretary of State must be fixed by the Secretary of State.\n(4) For the purposes of this section “remuneration” includes sums paid in respect of expenses.\n(5) This section applies in relation to benefits in kind as to payments of money.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 492 applied (with modifications) (1.10.2008) by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. 2008/1911), reg. 37"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Ss. 484-539 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 11 (with transitional provisions and savings in regs. 7, 9, Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/492",
    "retrieved_at": "2026-10-29T09:13:40.060156+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}