# Companies Act 2006, Section 1159: Meaning of “subsidiary” etc


(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.
(2) A company is a “wholly-owned subsidiary” of another company if it has no members except that other and that other's wholly-owned subsidiaries or persons acting on behalf of that other or its wholly-owned subsidiaries.
(3) Schedule 6 contains provisions explaining expressions used in this section and otherwise supplementing this section.
(4) In this section and that Schedule “company” includes any body corporate.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/1159 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-1159
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.