Regulation 4 Amendment of Part 16 of the Companies Act 2006

In section 479A (subsidiary companies: conditions for exemption from audit)^f1—

(a)

in subsection (1)(b), after “an EEA State” insert “or part of the United Kingdom”;

(b)

in subsection (2)(c)—

(i)

after “in accordance with” insert—

“(zi)
if the undertaking is established in any part of the United Kingdom—
(aa)
if the undertaking is a company, the requirements of Part 15 of this Act,

(bb)
if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking,”;

(ii)

in sub-paragraph (i), at the beginning, insert “if the undertaking is established in an EEA State,”.

Annotations

Footnotes

f1: Section 479A was inserted by regulation 7 of S.I. 2012/2301. Subsection (2)(c)(i) was substituted by regulation 10(2) of S.I. 2015/980.