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19. For paragraph 35 substitute —
“35. Section 116(1) applies—
(a)with the reference to subsidiaries in subsection (4) being read as references to subsidiary companies within the meaning of section 232 of the Companies Law (2013 Revision);
(b)with the reference to a holding company in subsection (4) being read as a reference to “a parent company” within the meaning of section 232 of the Companies Law (2013 Revision); and
(c)with the omission of subsection (5).”.
Section 116 was amended by S.I. 2009/1941, article 2(1), Schedule 1, paragraph 98(a) and the Enterprise and Regulatory Reform Act 2013 (c.24) section 77(1), (4).
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