Sections 691 and 692 shall not apply to any limited company which—
(a)is incorporated outside the United Kingdom and Gibraltar, and
(b)has a branch in the United Kingdom.
Textual Amendments
F1Ss. 690A, 690B inserted (1.1.1993) by S.I. 1992/3179, reg. 3, Sch. 2 para.2.