(1) In this section -
"relevant undertaking" means - (a) a public limited company (whether unlisted or listed), (b) a subsidiary undertaking of a public limited company referred to in paragraph (a) (whether the subsidiary undertaking is a company or is an undertaking referred to in Regulation 6 of the 1993 Regulations), (c) a private company limited by shares that, in both the relevant financial year and the immediately preceding financial year of the company, meets the following criteria: (i) its balance sheet total for the year exceeds - (A) €25,000,000, or (B) if an amount is prescribed under section 48(1)(h) for the purpose of this provision, the prescribed amount; (ii) the amount of its turnover for the year exceeds - (A) €50,000,000, or (B) if an amount is prescribed under section 48(1)(h) for the purpose of this provision, the prescribed amount, (d) a private company limited by shares that is a parent undertaking, if the parent undert