[Part II Societies Required to Prepare Consolidated Accounts]
Friendly Societies Act 1992 (1992 c 40) | Legislation

[Part II Societies Required to Prepare Consolidated Accounts]

[Subsidiary undertakings

9

(1)     The following information must be given with respect to the bodies corporate that are subsidiary undertakings of the society at the end of the financial year.

(2)     The name of each body corporate must be stated.

(3)     There must be stated—

(a)     if it is incorporated outside the United Kingdom, the country in which it is incorporated;

(b)     if it is incorporated in the United Kingdom, whether it is registered in England and Wales, Scotland or in Northern Ireland.

(4)     It must be stated whether the subsidiary undertaking is included in the consolidation and, if it is not, the reason for excluding it from the consolidation must be given.

(5)     It must be stated with respect to each subsidiary undertaking of the society by virtue of which of the conditions specified in [section 1162 of the Companies Act 2006] (as applied by section 78A of this Act) it is a subsidiary undertaking of the society.

(6)     Sub-paragraph (5) does not apply in relation to a subsidiary undertaking if—

(a)     the relevant condition is that specified in subsection (2)(a) of [section 1162] of that Act, and

(b)

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