An application may be made to the court—
for a declaration (in Scotland, a declarator) that the annual accounts of a company do not comply,or a strategic report or a directors' report does not comply, with the requirements of this Act ... and for an order requiring the directors of the company to prepare revised accounts or a revised report.
Notice of the application, together with a general statement of the matters at issue in the proceedings, shall be given by the applicant to the registrar for registration.
If the court orders the preparation of revised accounts, it may give directions as to—
and such other matters as the court thinks fit.
If the court orders the preparation of a revised strategic report or directors' report it may give directions as to—
Where the court makes an order under subsection (5) it shall have regard to whether the directors party to the approval of the defective accounts or report knew or ought to have known that the accounts or report did not comply with the requirements of this Act ..., and it may exclude one or more directors from the order or order the payment of different amounts by different directors.
On the conclusion of proceedings on an application under this section, the applicant must send to the registrar for registration a copy of the court order or, as the case may be, give notice to the registrar that the application has failed or been withdrawn.
The provisions of this section apply equally to revised annual accounts , revised strategic reports and revised directors' reports, in which case they have effect as if the references to revised accounts or reports were references to further revised accounts or reports.