(1) This section applies where a company receives from an auditor ("A") who is ceasing to hold office a statement under section 519 except where -
(a) the company is a non-public interest company, and
(b) the statement includes a statement to the effect that A considers that none of the reasons for A's ceasing to hold office, and no matters (if any) connected with A's ceasing to hold office, need to be brought to the attention of members or creditors of the company (as required by section 519(3B)).
(2) Where this section applies, the company must within 14 days of the receipt of the statement either -
(a) send a copy of it to every person who under section 423 is entitled to be sent copies of the accounts, or
(b) apply to the court.
(3) If it applies to the court, the company must notify the auditor of the application.
(4) If the court is satisfied that the auditor is using the provisions of section 519 to secure needless publicity for defamatory matter -
(a) it shall direct that copie
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