# Companies Act 1985, Paragraph 12

Extent: E+W+S

(1) Where a group is acquired, paragraphs 9 to 11 apply with the following adaptations.
(2) References to shares of the undertaking acquired shall be construed as references to shares of the parent undertaking of the group.
(3) Other references to the undertaking acquired shall be construed as references to the group; and references to the assets and liabilities, income and expenditure and capital and reserves of the undertaking acquired shall be construed as references to the assets and liabilities, income and expenditure and capital and reserves of the group after making the set-offs and other adjustments required by this Schedule in the case of group accounts.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/4A/paragraph/12 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-4A/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.