Statutory Instrument 1991 No. 1997

The Companies Act 1989 (Eligibility for Appointment as Company Auditor) (Consequential Amendments) Regulations 1991

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© Crown Copyright 1991

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1991 No. 1997

COMPANIES

The Companies Act 1989 (Eligibility for Appointment as Company Auditor) (Consequential Amendments) Regulations 1991

The Secretary of State, in exercise of his powers under section 50 of the Companies Act 1989^[1] and of all other powers enabling him in that behalf, and having obtained the consent of those Ministers and other persons whose consent he is required to obtain by virtue of section 50(5) of that Act, hereby makes the following Regulations:

Citation, commencement and interpretation
    1.    -

    (1)  These Regulations may be cited as the Companies Act 1989 (Eligibility for Appointment as Company Auditor) (Consequential Amendments) Regulations 1991 and shall come into force on 1st October 1991.

    (2)  In these Regulations, "the Act" means the Companies Act 1989.

Consequential amendments
    2.    The enactments mentioned in the Schedule to these Regulations shall have effect with the amendments specified therein.

    3.    Where a partnership constituted under the law of England and Wales or under the law of any other country or territory in which a partnership is not a legal person is appointed under any enactment as amended by these Regulations, the provisions of section 26 of the Act apply to the appointment in the same way as they apply to the appointment as company auditor of such a partnership.

Transitional provision
    4.    None of the amendments specified in the Schedule to these Regulations shall have the effect that a person is required to resign from or otherwise surrender an appointment, or that the appointment of a person must be terminated, before the date on which the person's appointment would, apart from these Regulations, have expired.

John Redwood

Minister of State, Department of Trade and Industry

3rd September 1991

[1] 1989 c. 40. back

Explanatory Note