Paragraph 7
England, Wales and Scotland
(1)
The following provisions apply where an undertaking becomes a subsidiary undertaking of the parent company.
(2)
That event is referred to in those provisions as an “acquisition”, and references to the “undertaking acquired” shall be construed accordingly.
Notes on Schedule 2
Textual amendments
- F1
Sch. 2 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12)