Part 8 Groups of companiesF1

Repealed

1. 46Introduction
2. 47General rule: a company and its 75% subsidiaries form a group
3. 48Membership of group restricted to effective 51% subsidiaries of principal company
4. 49Principal company cannot be 75% subsidiary of another company
5. 50Company cannot be member of more than one group
6. 51Continuity of identity of group
7. 51AParagraph 51A
8. 52Meaning of “effective 51% subsidiary"
9. 53Meaning of equity holder and profits or assets available for distribution
10. 54Supplementary provisions