# The Companies (Northern Ireland) Order 1986 (revoked), Article 4: “ Subsidiary ”, “ holding company ” and “ wholly-owned subsidiary ”

Extent: N.I.

(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 shareholders or members, a majority of the voting rights in it,
or if it is a subsidiary of a company which 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) In this Article “company” includes any body corporate.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/article/4 (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.