460. Prevention by members of deemed re-appointment of auditor

Past version: effective from 21/10/2015 - 20/10/2015
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(1) An auditor of an LLP is not deemed to be re-appointed under section 459(2) if the LLP has received notices under this section from members representing at least the requisite percentage of the total voting rights in the LLP that the auditor should not be re-appointed.
(2) The "requisite percentage" is 5%, or such lower percentage as is specified for this purpose in the LLP agreement.
(3) A notice under this section —
(a) may be in hard copy or electronic form,
(b) must be authenticated by the person or persons giving it, and
(c) must be received by the LLP before the end of the accounting reference period immediately."