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Point in time view as at 19/06/2001. This version of this provision has been superseded.
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There are currently no known outstanding effects for the Companies Act 1985, Section 248.
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[248 Exemption for small and medium-sized groups.E+W+S
(1)A parent company need not prepare group accounts for a financial year in relation to which the group headed by that company qualifies as a small or medium-sized group and is not an ineligible group.
(2)A group is ineligible if any of its members is—
(a)a public company or a body corporate which (not being a company) has power under its constitution to offer its shares or debentures to the public and may lawfully exercise that power,
(b)an authorised institution under the Banking Act 1987,
(c)an insurance company to which Part II of the Insurance Companies Act 1982 applies, or
(d)an authorised person under the Financial Services Act 1986.
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
Textual Amendments
Modifications etc. (not altering text)
Yn ôl i’r brig