9Exemption under Dentists Act 1984

1

If the College within the period of three years beginning with the appointed day forms a wholly-owned subsidiary for carrying on the business of dentistry and no other business except for a business ancillary to the business of dentistry, for the purposes of section 43(2)(b) of the [1984 c. 24.] Dentists Act 1984—

a

the Institute shall be deemed to have been reconstructed on the appointed day; and

b

the company shall be deemed to be a body corporate coming into existence on the reconstruction of the Institute;

and, accordingly, the company shall be deemed to fall within section 43(1) of the said Act of 1984 provided that it complies with subsection (1)(c) and (d) of that section.

2

In this section “wholly-owned subsidiary” has the meaning given by section 736 of the [1985 c. 6.] Companies Act 1985.