OpenLegislation

Paragraph 9 C1C2

England, Wales and Scotland

(1)

Two or more persons who are not qualified under paragraph 6 above may act as auditors of a trade union or employers’ association in respect of any accounting period of that union or association if—

(a)

its receipts and payments in respect of its last preceding accounting period did not in the aggregrate exceed £5,000;

(b)

the number of its members at the end of its last preceding accounting period did not exceed 500; and

(c)

the value of its assets at the end of its last preceding accounting period did not in the aggregate exceed £5,000.

(2)

Where by virtue of sub-paragraph (1) above persons who are not qualified under paragraph 6 above act as auditors in respect of any accounting period of a trade union or employers’ association, the F1Certification Officer may at any time (whether during that period or after it comes to an end) direct the trade union or employers’ association to appoint a person who is so qualified to audit its accounts for that period.

(3)

Regulations may—

(a)

substitute for any sum or number for the time being specified in sub-paragraph (1) above such sum or number as may be specified in the regulations; and

(b)

prescribe what receipts and payments shall be taken into account for the purposes of that sub-paragraph.

Annotations

Textual amendments

F1

Words substituted by Employment Protection Act 1975 (c. 71), Sch. 16 Pt. III para. 1

Modifications

C1

Sch. 2 paras. 6–10 excluded by Companies Act 1976 (c. 69), s. 20(3)

C2

Sch. 2 paras. 7, 8 and 9–15 excluded by Companies Act 1985 (c. 6, SIF 27), s. 394(2)

Notes on the whole Act

Textual amendments

F1

Act repealed N.I. (16.7.1992) (E.W.S.) (16.10.1992) by Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52), ss. 300(1), 302, Sch.1.