[479A Subsidiary companies: conditions for exemption from audit]
Companies Act 2006 (2006 c 46) | Legislation

[Exemption from audit: qualifying subsidiaries]

[479A  Subsidiary companies: conditions for exemption from audit]

[(1)     A company is exempt from the requirements of this Act relating to the audit of individual accounts for a financial year if—

(a)     it is itself a subsidiary undertaking, and

(b)     its parent undertaking is established under the law of [any part of the United Kingdom].

(2)     Exemption is conditional upon compliance with all of the following conditions—

(a)     all members

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