(1) Notwithstanding section 150, a private company which is a holding company need not prepare group accounts but if it does not do so the subsequent provisions of this section shall apply.
(2) Any member of the company shall be entitled to be furnished without charge within 14 days after he has made a request in that behalf to the company with a copy of the latest balance sheet of each of its subsidiaries which has been sent to the members of that subsidiary together with a copy of every document required by law to be annexed thereto and a copy of the directors' and auditors' reports.
(3) Without prejudice to subsection (2), any member of the company shall be entitled to be furnished within 14 days after he has made a request in that behalf to the company with a copy of any balance sheet (including every document required by law to be annexed thereto and a copy of the directors' and auditors' reports) of any subsidiary of the company laid before any annual general meeting of such