(1) Where at the end of its financial year, the directors of a parent undertaking prepare Companies Act group accounts, those group accounts shall be prepared in accordance with these Regulations and shall be laid before the annual general meeting at the same time as the undertaking's individual accounts are so laid.
(2) The Companies Act group accounts referred to in (1) shall deal with the state of affairs and profit or loss of the parent undertaking and without prejudice to Regulations 10 and 11, all its subsidiary undertakings including those in liquidation and those with registered offices outside the State.
(3) Paragraph (1) shall only apply to a parent undertaking if it is established as
(a) a company limited by shares; or
(b) a company limited by guarantee.
(4) In the case of an undertaking to which these Regulations apply, references in the Companies Acts, 1963 to 1990, to Companies Act group accounts shall be construed as references to Companies Act group accounts prepar