45 SubsidiaryThere are several sections in the Companies Act 2006 which define subsidiaries.45.1 Subsidiary and holding company1: ‘A company is a ‘subsidiary’ of another company, its ‘holding company’, if that other company: (a) holds a majority of the voting rights in it, or (b) is a member of it and has the right to appoint or remove a majority of its board of directors, or (c) is a member of it and controls alone, pursuant to an agreement with other members, a majority of the voting rights in it, or if it is a subsidiary of a company that is itself
There are several sections in the Companies Act 2006 which define subsidiaries.
Subsidiary and holding company1:
‘A company is a ‘subsidiary’ of another company, its ‘holding company’, if that other company:
(a) holds a majority of the voting rights in it, or
(b) is a member of it and has the right to appoint or remove a majority of its board of directors, or
(c) is a member of it and controls alone, pursuant to an agreement with other members, a majority of the voting rights in it,
or if it is a subsidiary of a company that is itself
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