9.—(1) Article 257B of the 1986 Order (cases where exemptions from audit not available)(1) is amended as follows.
(2) In paragraph (1), at the beginning insert “Subject to paragraph (1A),”.
(3) Insert the following paragraph after paragraph (1)—
“(1A) A company which, apart from this paragraph, would fall within paragraph (1)(f) by virtue of its being a subsidiary undertaking for any period within a financial year shall not be treated as so falling if it is dormant (within the meaning of Article 258) throughout that period.”.
(4) In paragraph (4), at the beginning of each of sub-paragraphs (a) to (c) insert “to the effect”.
(5) In paragraph (5), for the words from “immediately above the signature” to the end substitute “above the signature required by Article 241”.
Article 257B was inserted into the 1986 Order by regulation 2 of S.R. 1995 No. 128