Paragraph 18 Appointment of auditors of private company (ss.485 to 488)
(1)
Section 487 (term of office of auditors of private company) has effect with the following adaptation.
(2)
In subsection (3) for “the provisions of this Part” substitute “the provisions of Chapter 5 of Part 11 of the Companies Act 1985 or Chapter 5 of Part 12 of the Companies (Northern Ireland) Order 1986”.