# Companies Act 2006, Section 402: Exemption if no subsidiary undertakings need be included in the consolidation


A parent company is exempt from the requirement to prepare group accounts if under section 405 all of its subsidiary undertakings could be excluded from consolidation in Companies Act group accounts.

---
Source: https://www.legislation.gov.uk/ukpga/2006/46/section/402 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-402
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.