# Companies Act 2006, Paragraph 2


The first condition is that X holds, directly or indirectly, more than 25% of the shares in company Y.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/schedule/1A/paragraph/2 (the official version)
Page: https://openlegislation.uk/companies-act-2006/schedule-1A/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.