Section 415A | Directors' report: small companies exemption ^F1

(1)A company is entitled to small companies exemption in relation to the directors' report for a financial year if—^F1

(a)it is entitled to prepare accounts for the year in accordance with the small companies regime, or^F1

(b)it would be so entitled but for being or having been a member of an ineligible group.^F1

(2)The exemption is relevant to—^F1F2F3F4

section 416(3) (contents of report: statement of amount recommended by way of dividend),and

sections 444 to 446 (filing obligations of different descriptions of company).

(2)The exemption is relevant to section 416(3) (contents of report: statement of amount recommended by way of dividend).^F1F2