Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 8 · Annual Return, Financial Statements and Audit
104. Defective financial statements, or consolidated financial statements and balance sheet
Feedback & supportSections 202A (except subsection (5)) and 202B of the Companies Act 1967 apply in relation to the financial statements of a VCC, or the consolidated financial statement and balance sheet of a VCC that is a parent company, as they apply in relation to the financial statements of a company, or the consolidated financial statement and balance sheet of a company that is a parent company.
financial statements
“financial statements”, in relation to a VCC, means the financial statements of the VCC required to be prepared in accordance with the Accounting Standards;
For the purpose of subsection (1) —
the reference in section 202A(1) of the Companies Act 1967 to section 175A of that Act is to section 78;
the reference in section 202A(1) of the Companies Act 1967 to section 203 of that Act is to section 105;
a reference in sections 202A and 202B of the Companies Act 1967 to the Accounting Standards is to the Accounting Standards as defined in section 2(1); and
a reference in sections 202A and 202B of the Companies Act 1967 to that Act or a provision of that Act is to this Act or a provision of this Act (including a provision of the Companies Act 1967 applied by this Act).
The Minister may make regulations under section 165 for the same matters as those in section 202A(5) of the Companies Act 1967 with the reference in section 202A(5)(b) of that Act to a provision of that Act substituted with a reference to a provision of this Act (including a provision of that Act applied by this Act).