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Companies (Audit, Investigations and Community Enterprise) Bill [HL]


 

Companies (Audit, Investigations and Community Enterprise) Bill [HL]

 

[AS AMENDED IN STANDING COMMITTEE A]

 
 

[AS AMENDED IN STANDING COMMITTEE A]

Contents

Part 1

Auditors, accounts, directors’ liabilities and investigations

Chapter 1

Auditors

Recognised supervisory bodies

1   

Additional requirements for recognition of supervisory bodies

2   

Arrangements to which additional requirements for recognition relate

Delegation of Secretary of State’s functions in relation to auditors

3   

Delegation of functions by Secretary of State to new or existing body

4   

Circumstances in which Secretary of State may delegate functions to existing

body

5   

Supplementary provisions about delegation orders

Auditors’ qualifications

6   

Approval of overseas qualifications for auditors

Services provided by auditors

7   

Disclosure of services provided by auditors and related remuneration

Chapter 2

Accounts and reports

Auditing of accounts

8   

Auditors’ rights to information

9   

Statement in directors’ report as to disclosure of information to auditors

 
Bill 15853/3
 
 

Companies (Audit, Investigations and Community Enterprise) Bill [HL]

ii

 

Defective accounts

10   

Persons authorised to apply to court in connection with defective accounts

11   

Disclosure of tax information by Inland Revenue to facilitate application for

declaration that accounts are defective

12   

Power of person authorised to require documents, information and

explanations

Directors’ reports

13   

Power to specify bodies who may issue reporting standards

Supervision of accounts and reports

14   

Supervision of periodic accounts and reports of issuers of listed securities

15   

Application of provisions inserted by sections 11 and 12 to bodies appointed

under section 14

Bodies concerned with accounting standards etc.

16   

Grants to bodies concerned with accounting standards etc.

17   

Levy to pay expenses of bodies concerned with accounting standards etc.

18   

Exemption from liability

Chapter 3

Directors’ liabilities

19   

Relaxation of prohibition on provisions protecting directors etc. from liability

20   

Funding of director’s expenditure on defending proceedings

Chapter 4

Investigations

21   

Power to require documents and information

22   

Protection in relation to certain disclosures

23   

Power to enter and remain on premises

24   

Failure to comply with certain requirements

Chapter 5

Supplementary

25   

Minor and consequential amendments

Part 2

Community interest companies

Introductory

26   

Community interest companies

27   

Regulator

28   

Appeal Officer

 
 

Companies (Audit, Investigations and Community Enterprise) Bill [HL]

iii

 

29   

Official Property Holder

Requirements

30   

Cap on distributions and interest

31   

Distribution of assets on winding up

32   

Memorandum and articles

33   

Names

34   

Community interest company reports

35   

Community interest test and excluded companies

Becoming a community interest company

36   

New companies

37   

Existing companies: requirements

38   

Existing companies: decisions etc.

39   

Existing companies: charities

40   

Existing companies: Scottish charities

Supervision by Regulator

41   

Conditions for exercise of supervisory powers

42   

Investigation

43   

Audit

44   

Civil proceedings

45   

Appointment of director

46   

Removal of director

47   

Appointment of manager

48   

Property

49   

Transfer of shares etc.

50   

Petition for winding up

51   

Dissolution and striking off

Change of status

52   

Re-registration

53   

Ceasing to be a community interest company

54   

Becoming a charity or a Scottish charity: requirements

55   

Becoming a charity or a Scottish charity: decisions etc.

56   

Becoming an industrial and provident society

Supplementary

57   

Fees

58   

Extension of provisions about registrar etc.

59   

Information

60   

Offences

61   

Orders made by Regulator

62   

Regulations

63   

Interpretation

 
 

Companies (Audit, Investigations and Community Enterprise) Bill [HL]

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Part 3

Supplementary

64   

Repeals and revocations

65   

Commencement etc.

66   

Extent

67   

Short title

Schedule 1   —   

New Schedule 7B to the Companies Act 1985

Schedule 2   —   

Minor and consequential amendments relating to Part 1

Part 1   —   

Amendments relating to auditors

Part 2   —   

Amendments relating to accounts and reports

Part 3   —   

Amendments relating to investigations

Schedule 3   —   

Regulator of Community Interest Companies

Schedule 4   —   

Appeal Officer for Community Interest Companies

Schedule 5   —   

Official Property Holder for Community Interest Companies

Schedule 6   —   

Community interest companies: names

Schedule 7   —   

Community interest companies: investigations

Schedule 8   —   

Repeals and revocations

 
 

 
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Revised 17 September 2004