Companies (Accounting) Act 2017

Amendment of section 338 of Principal Act

46. Section 338 of the Principal Act is amended—

(a) in subsection (2), by the substitution of “Subject to subsection (2A), the documents” for “The documents”, and

(b) by the insertion of the following subsection after subsection (2):

“(2A) Subsection (2)(b) shall not apply to a company that qualifies for the micro companies regime and has availed itself of the exemption, under section 325(1A), from preparing a directors’ report.”.