479 Availability of small companies exemption in case of group company
479 Availability of small companies exemption in case of group company
Companies Act 2006 | Legislation

(1)     A company is not entitled to the exemption conferred by section 477 (small companies) in respect of a financial year during any part of which it was a group company unless—

[(a)     the group—

(i)     qualifies as a small group in relation to that financial year, and

(ii)     was not at any time in that year an ineligible group, or]

(b)     subsection (3) applies.

(2)     . . .

(3)     A company is not excluded by subsection (1) if, throughout the whole of the period or periods during the financial year when it was a group company, it was both a subsidiary undertaking and dormant.

(4)     In this section—

(a)     “group company” means a company that is a parent company or a subsidiary undertaking, and

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