1222 Eligibility of individuals retaining only 1967 Act authorisation
1222 Eligibility of individuals retaining only 1967 Act authorisation
Companies Act 2006 | Legislation

(1)     A person whose only appropriate qualification is based on his retention of an authorisation originally granted by the Board of Trade or the Secretary of State under section 13(1) of the Companies Act 1967 (c 81) is eligible only for appointment as auditor of an unquoted company.

(2)     A company is “unquoted” if, at the time of the person's appointment, neither the company, nor any parent undertaking of which it is a subsidiary undertaking, is a quoted company within the meaning of section 385(2).

(3)     References to a person eligible for appointment as a statutory auditor by virtue of

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