[394B Companies excluded from the dormant subsidiaries exemption]
Companies Act 2006 | Legislation

[394B  Companies excluded from the dormant subsidiaries exemption]

[A company is not entitled to the exemption conferred by section 394A (dormant subsidiaries) if it was at any time within the financial year in question—

[(a)     a traded company,]

(b)     a company that—

(i)     is an authorised insurance company, a banking company, an e-money issuer, a MiFID investment firm or a UCITS management company, or

(ii)     carries on insurance market activity, or

(c)     a special register body as defined in section 117(1) of the Trade Union and Labour Relations (Consolidation) Act 1992 (c 52) or an employers' association as defined in section 122

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