Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p57
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 142303–145001

of the company during that financial year; or
         (b) in a case where, at the end of that financial year, the company is a holding company (other than a holding company that is a wholly-owned subsidiary of a company or of a recognised company)—a consolidated cash statement relating to the respective last financial years of the company and its subsidiaries, being a cash statement that gives a true and fair view of the cash movements of the company and its subsidiaries during their respective last financial years.
    "(3b) Where the directors of a company—
         (a) are not required by sub-section (3a) to cause a cash statement relating to a financial year of the company to be made out; and
         (b) cause a cash statement relating to that financial year to be made out for the purpose of laying it before the next annual general meeting of the company,
    the directors of the company shall cause the cash statement to be made out so as to give a true and fair view of the cash movements of the company during that financial year.
    "(3c) Where the directors of a holding company—
         (a) are not required by sub-section (3a) to cause a consolidated cash statement relating to respective financial years of the holding company and its subsidiaries to be made out; and
         (b) cause a consolidated cash statement relating to those respective financial years of the company and its subsidiaries to be made out for the purpose of laying it before the next annual general meeting of the company,
    the directors of the company shall cause the cash statement to be made out so as to give a true and fair view of the cash movements of the company and its subsidiaries during those respective financial years.";
     (d) by omitting sub-section (4) and substituting the following sub-section:
    "(4) The directors of a company, other than a company that pursuant to sections 278 and 279 did not appoint an auditor to audit the accounts concerned, shall take reasonable steps to ensure that the accounts of the company relating to a financial year of the company and, if the company is a holding company for which group accounts

    relating to that financial year are required, those group accounts are audited as required by this Part before the relevant time in relation to that financial year.";
     (e) by omitting from sub-section (6) all the words after "subsidiary" and substituting "of a company or of a recognised company".
     (f) by omitting from sub-section (9) all the words from and including "56 days" (first occurring) to and including "that period" and substituting "42 days before the relevant time in relation to the last financial year (in this