486 Appointment of auditors of private company: default power of Secretary of State
486 Appointment of auditors of private company: default power of Secretary of State
Companies Act 2006 | Legislation

(1)     If a private company fails to appoint an auditor or auditors in accordance with section 485. . . the Secretary of State may appoint one or more persons to fill the vacancy.

(2)     Where subsection (2) of [section 485] applies and the company fails to make the necessary appointment before the end of the period for appointing auditors, the company must within one week of the end of that period give notice to the Secretary of State of his power having become exercisable.

(3)     If a company fails to give the notice required by this section, an offence is committed by—

(a)     the company, and

(b)     every officer of the company who is in default.