424. Companies Excluded From The Dormant Subsidiaries Exemption

Past version: effective from 29/04/2020 - 28/04/2020
To view other versions open the versions tab on the right

The directors of a company are not entitled to the exemption conferred by section 423 (dormant subsidiaries) if the company was at any time within the financial year in question–
(a) a public interest entity, or
(b) a financial institution.