[494ZA The maximum engagement period]
Companies Act 2006 (2006 c 46) | Legislation

[494ZA  The maximum engagement period]

[(1)     Where a person is auditor of a company for consecutive financial years, the maximum engagement period of the person as auditor of the company—

(a)     begins with the first of those years (see the appropriate entry in the first column of the following Table), and

(b)     ends with the financial year specified in the corresponding entry in the second column of the Table:

First financial year of the maximum engagement periodLast financial year of the maximum engagement period
A financial year of the company beginning before 17 June 1994The last financial year of the company to begin before 17 June 2020.
A financial year of the company beginning—
(a) on or after 17 June 1994, and
(b) before 17 June 2003		The last financial year of the company to begin before 17 June 2023.
A financial year of the company beginning—
(a) on or after 17 June 2003, and
(b) before 17 June 2016		No qualifying selection procedure
Where neither the first financial year of the maximum engagement period nor any subsequent financial year is one for which the auditor has been appointed following the carrying out of a qualifying selection
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