(1) Subject to section 9 of this Act -
(a) a private company, subject to subsection (1A), shall qualify to be treated as a small company for the purposes of this Act in respect of any financial year of the company if, in respect of that year and the financial year of the company immediately preceding that year, the company satisfies at least two of the conditions specified in subsection (2) of this section, and
(b) a private company, subject to subsection (1B), shall qualify to be treated as a medium-sized company for the purposes of this Act in respect of any financial year of the company if, in respect of that year and the financial year of the company immediately preceding that year, the company satisfies at least two of the conditions specified in subsection (3) of this section
(1A) Subsection (1)(a) shall not apply to a private company whose securities are admitted to trading on a regulated market
(1B) Subsection (1)(b) shall not apply to a private company whose securities ar