Article 14 Groups of companies
Save as the Commissioners may otherwise allow, where any bodies corporate are treated as members of a group under section 29 of the Act and as such they fall within article 4 above, and, pursuant to an application under section 29(5) of the Act, from the beginning of a prescribed accounting period—
(a)
a body corporate is excluded from the bodies so treated, or
(b)
the bodies corporate are no longer treated as members of a group,
the body corporate or each of the bodies corporate, as the case may be, shall from that date be treated as falling within article 4 above.