Article 10 Accounts, etc.

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

art. 10(2) words substituted by Horse Racing (Amendment) Act (Northern Ireland) 2021 s. 3(5)(b)
art. 10(1) words substituted by Horse Racing (Amendment) Act (Northern Ireland) 2021 s. 3(5)(a)
art 10(1)(b) modified by Horse Racing (Amendment) Act (Northern Ireland) 2021 s.005(5)(d)
art.010(3) modified by Horse Racing (Amendment) Act (Northern Ireland) 2021 S.005(5)(e)

(1)

The Corporation and the Company shall—

(a)

keep such accounts and other records as the Department may require; and

(b)

prepare for a period of 12 months ending on 31st December in each year, an annual statement of accounts in such form and containing such particulars as the Department may direct.

(2)

The accounts prepared under paragraph (1) shall be audited by an auditor appointed by the Corporation or, as the case may be, the Company, and no person shall be qualiﬁed to be so appointedF1 unless he is eligible for appointment as a F2statutory auditor under Part 42 of the Companies Act 2006.

(3)

Any account prepared under paragraph (1) shall on or before 30th April next following the expiration of the relevant year be submitted to the Department together with a copy of the report made by the auditor on the accounts, and a copy of the account certiﬁed by the auditor appointed under paragraph (2) shall be supplied, either free of charge or on payment of such sum as may be ﬁxed by the Department, to any person who makes application therefor to the Department.

Annotations

Textual amendments

F1: SR 1993/67
F2: Words in art. 10(2) substituted (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(a), Sch. 1 para. 2(f) (with arts. 6, 11, 12)