Companies Act 1989 (c. 40)

SCHEDULES

SCHEDULE 2 U.K. [Schedule 4A to the Companies Act 1985]Form and Content of Group Accounts

Acquisition and merger accounting E+W+S

7 (1) The following provisions apply where an undertaking becomes a subsidiary undertaking of the parent company.

(2) That event is referred to in those provisions as an “acquisition”, and references to the “undertaking acquired” shall be construed accordingly.