Regulation 19 Eligibility to form a group for MGDI1
United Kingdom
Two or more bodies corporate (who are registrable persons) are eligible to apply to the Commissioners to be treated as members of a group for the purposes of MGD if—
one of them controls each of the others;
one person (whether a body corporate or an individual) controls all of them; or
two or more individuals carrying on a business in partnership control all of them.
For the purposes of this Part, a body corporate is to be taken to control another body corporate if—
it is empowered by statute to control that body’s activities; or
it is that body’s holding company within the meaning of section 1159 of the Companies Act 2006f1,
and an individual or individuals is to be taken to control a body corporate if (were that individual or those individuals a company) that individual or those individuals would be that body’s holding company within the meaning of that Act.
Annotations
Commencement
Footnotes
- f1