The Companies (Defective Accounts) (Authorised Person) Order 1991

Made: 9th January 1991

Laid before Parliament: 11th January 1991

Coming into force: 1st February 1991

The Secretary of State, in exercise of the powers conferred on him by section 245C of the Companies Act 1985[^f00001] and of all other powers enabling him in that behalf, hereby makes the following Order:

1

This Order may be cited as the Companies (Defective Accounts) (Authorised Person) Order 1991 and shall come into force on 1st February 1991.

2

The Financial Reporting Review Panel Limited is hereby authorised for the purposes of section 245B of the Companies Act 1985.

Signed

John Redwood — Minister of State, — Department of Trade and Industry — 9th January 1991

Explanatory note

(This note is not part of the Order)

This Order authorises the Financial Reporting Review Panel Limited for the purposes of section 245B of the Companies Act 1985. As a consequence, that Company is empowered to apply under that section to the Court for a declaration or declarator that the annual accounts of a company do not comply with the requirements of that Act and an order requiring the directors of the company to prepare revised accounts.

Section 245B of the Companies Act 1985 was commenced by the Companies Act 1989 (Commencement No. 8 and Transitional and Saving Provisions) Order 1990 (S. I. 1990/2569) with effect from 7th January 1991, but subject to a transitional provision to the effect that it is to apply only with respect to annual accounts of a company for a financial year commencing on or after 23rd December 1989.

Footnotes

[^f00001]: 1985 c. 6; section 245C was substituted for the previous section of that number by sections 1 and 12 of the Companies Act 1989 (c. 40).