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Amendment of section 1300 of Principal Act
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80. Section 1300 of the Principal Act is amended, in subsection (1)—
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(a) by the substitution of the following definition for the definition of “EEA company”:
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“ ‘EEA company’ means—
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(a) a body corporate—
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(i) which is incorporated in a state (other than the State) that is an EEA state, and
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(ii) whose members’ liability in respect of such body corporate is limited,
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or
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(b) an undertaking—
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(i) which is formed or incorporated in a state (other than the State) that is an EEA state,
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(ii) whose members’ liability in respect of such undertaking is unlimited, and
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(iii) which is a subsidiary undertaking of a body corporate whose members’ liability in respect of such body corporate is limited;”,
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and
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(b) by the substitution of the following definition for the definition of “non-EEA company”:
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“ ‘non-EEA company’ means—
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(a) a body corporate—
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(i) which is incorporated in a state that is not an EEA state, and
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(ii) whose members’ liability in respect of such body corporate is limited,
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or
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(b) an undertaking—
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(i) which is formed or incorporated in a state that is not an EEA state,
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(ii) whose members’ liability in respect of such undertaking is unlimited, and
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(iii) which is a subsidiary undertaking of a body corporate whose members’ liability in respect of such body corporate is limited.”.
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