Paragraph 10 Subsidiary undertakings
The following information shall be given with respect to the undertakings which are subsidiary undertakings of the society at the end of the financial year.
The name of each undertaking shall be stated.
There shall be stated—
if the undertaking is incorporated outside the United Kingdom, the country in which it is incorporated;
if it is incorporated in the United Kingdom, whether it is registered in England and Wales, Scotland or in Northern Ireland;
if it is unincorporated, the address of its principal place of business.
It shall be stated whether the subsidiary undertaking is included in the consolidation and, if it is not, the reason for excluding it from consolidation shall be given.
It shall be stated with respect to each subsidiary undertaking by virtue of which of the conditions specified in section 258(2) of the Companies Act 1985 it is a subsidiary undertaking of the parent societyf1
That information need not be given if the relevant condition is that specified in subsection (2)(a) of that section and the immediate parent society holds the same proportion of the shares in the undertaking as it holds voting rights.
Annotations
Footnotes
- f1
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Section 258 was applied to the interpretation of subsidiary undertakings of building societies by the Building Societies Act 1986 (Modifications) Order 1991 (S.I. 1991/1729).