Companies (Accounting) Act 2017

Amendment of section 1300 of Principal Act

80. Section 1300 of the Principal Act is amended, in subsection (1)—

(a) by the substitution of the following definition for the definition of “EEA company”:

“ ‘EEA company’ means—

(a) a body corporate—

(i) which is incorporated in a state (other than the State) that is an EEA state, and

(ii) whose members’ liability in respect of such body corporate is limited,

or

(b) an undertaking—

(i) which is formed or incorporated in a state (other than the State) that is an EEA state,

(ii) whose members’ liability in respect of such undertaking is unlimited, and

(iii) which is a subsidiary undertaking of a body corporate whose members’ liability in respect of such body corporate is limited;”,

and

(b) by the substitution of the following definition for the definition of “non-EEA company”:

“ ‘non-EEA company’ means—

(a) a body corporate—

(i) which is incorporated in a state that is not an EEA state, and

(ii) whose members’ liability in respect of such body corporate is limited,

or

(b) an undertaking—

(i) which is formed or incorporated in a state that is not an EEA state,

(ii) whose members’ liability in respect of such undertaking is unlimited, and

(iii) which is a subsidiary undertaking of a body corporate whose members’ liability in respect of such body corporate is limited.”.