C6C5C1C2C3C4Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C6

Pt. 15 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 162, 163 (with reg. 189)

C5

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

C2

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C3

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C6C5Chapter 10Filing of accounts and reports

Filing obligations of different descriptions of company

C8C7448C F1Dormant subsidiaries filing exemption: parent undertaking declaration of guarantee

1

A guarantee is given by a parent undertaking under this section when the directors of the subsidiary company deliver to the registrar a statement by the parent undertaking that it guarantees the subsidiary company under this section.

2

The statement under subsection (1) must be authenticated by the parent undertaking and must specify—

a

the name of the parent undertaking,

F3b

the registered number (if any) of the parent undertaking,

F2c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d

the name and registered number of the subsidiary company in respect of which the guarantee is being given,

e

the date of the statement, and

f

the financial year to which the guarantee relates.

3

A guarantee given under this section has the effect that—

a

the parent undertaking guarantees all outstanding liabilities to which the subsidiary company is subject at the end of the financial year to which the guarantee relates, until they are satisfied in full, and

b

the guarantee is enforceable against the parent undertaking by any person to whom the subsidiary company is liable in respect of those liabilities.