# The Companies (Defective Accounts) (Authorised Person) Order 1991, Note: Explanatory note


(This note is not part of the Order)
This Order authorises the Financial Reporting Review Panel Limited for the purposes of section 245B of the Companies Act 1985. As a consequence, that Company is empowered to apply under that section to the Court for a declaration or declarator that the annual accounts of a company do not comply with the requirements of that Act and an order requiring the directors of the company to prepare revised accounts.
Section 245B of the Companies Act 1985 was commenced by the Companies Act 1989 (Commencement No. 8 and Transitional and Saving Provisions) Order 1990 (S. I. 1990/2569) with effect from 7th January 1991, but subject to a transitional provision to the effect that it is to apply only with respect to annual accounts of a company for a financial year commencing on or after 23rd December 1989.

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Source: https://www.legislation.gov.uk/uksi/1991/13/note (the official version)
Page: https://openlegislation.uk/companies-defective-accounts-authorised-person-order-1991/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.