1159 Meaning of “subsidiary” etc
1159 Meaning of “subsidiary” etc
Companies Act 2006 | Legislation

(1)     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 a subsidiary of that other company.