(1) An election under section 835AAH or 835AAI shall be made -
(a) in such form as the Revenue Commissioners shall specify, and
(b) on or before the specified return date for the accounting period to which the election relates.
(2) An election shall not be made by a relevant entity under section 835AAH and 835AAI in respect of an accounting period.
(3) An election shall not be made by a relevant entity under section 835AAH or 835AAI in respect of an accounting period where the relevant entity is an interest group and its members include a company referred to in section 835AAK(1)(a)(ii).