26 Basic definitions in the Companies Act 2006The main definitions in the Companies Act 2006 relating to company groups, as well as a range of other provisions, are as follows:26.1 Subsidiary: Under Section 1159(1) a company is a subsidiary of another company (its holding company) if that other company:26.1.1 holds a majority of the voting rights in it; or26.1.2 is a member of it and has the right to appoint or remove a majority of its board of directors; or26.1.3 is a member of it and controls alone, under the terms of an agreement with
The main definitions in the Companies Act 2006 relating to company groups, as well as a range of other provisions, are as follows:
Subsidiary: Under Section 1159(1) a company is a subsidiary of another company (its holding company) if that other company:
holds a majority of the voting rights in it; or
is a member of it and has the right to appoint or remove a majority of its board of directors; or
is a member of it and controls alone, under the terms of an agreement with
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