41. In section 68 of the New Towns Act 1981 (audit of accounts of Commission for New Towns and of development corporations), for subsection (2) substitute–
“(2) A person shall not be so appointed auditor unless he is eligible for appointment as a company auditor under section 25 of the Companies Act 1989.”.
1981 c. 64. Section 68 of the New Towns Act 1981 has been amended by section 30 of and Schedule 2 to the Companies Consolidation (Consequential Provisions) Act 1981. That amendment is superseded by these Regulations.