Section 416 | Contents of directors' report: general

(1)The directors' report for a financial year must state—

(a)the names of the persons who, at any time during the financial year, were directors of the company, and

(b)Repealed^F1

(2)Repealed^F2

(3)Except in the case of a company entitled to the small companies exemption, the report must state the amount (if any) that the directors recommend should be paid by way of dividend.^F3

(4)The Secretary of State may make provision by regulations as to other matters that must be disclosed in a directors' report.Without prejudice to the generality of this power, the regulations may make any such provision as was formerly made by Schedule 7 to the Companies Act 1985.