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Companies Act 2006

Companies Act 2006 Sch 13 para 6

Sch 13 para 6

(1) The body may retain fees payable to it. (2) The fees must be applied for— (a) meeting the expenses of the body in discharging its functions, and (b) any purposes incidental to those functions. (3) Those expenses include any expenses incurred by the body on such staff, accommodation, services and other facilities as appear to it to be necessary or expedient for the proper performance of its functions. (4) In prescribing the amount of fees in the exercise of the functions transferred to it the body must prescribe such fees as appear to it sufficient to defray those expenses, taking one year with another. (5) Any exercise by the body of the power to prescribe fees requires the approval of the Secretary of State. (6) The Secretary of State may, after consultation with the body, by order vary or revoke any regulations prescribing fees made by the body.

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