Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 8 · Annual Return, Financial Statements and Audit
108. Resignation of auditor of VCC
Feedback & supportSections 205AA to 205AF of the Companies Act 1967 apply in relation to an auditor of a VCC or a subsidiary company of a VCC as they apply in relation to an auditor of a company or a subsidiary company of a company, subject to section 5 and the following modifications:
VCC
“VCC” or “variable capital company” means a body corporate incorporated as such under this Act;
a reference in those sections of the Companies Act 1967 to a public interest company is to a VCC that comprises at least one collective investment scheme authorised under section 286(1) of the Securities and Futures Act 2001, or such other VCC as may be prescribed;
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
a reference in those sections of the Companies Act 1967 to a non‑public interest company is to a VCC that is not a VCC mentioned in paragraph (a);
the reference in section 205AF(3) of the Companies Act 1967 to the Companies Act 1967 is to this Act.