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Has the test for determining a holding company/subsidiary relationship changed under the Act?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohith asked almost 3 years ago

Hi Can I know, Has the test for determining a holding company/subsidiary relationship changed under the Act?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

The Act combines the definitions of holding company and subsidiary in Section 155 of the Companies Act 1963 and the separate definitions of “parent undertaking” and “subsidiary undertaking” in the European Communities (Companies: Group Accounts) Regulations 1992 for the purposes of group accounts into a broad umbrella definition of “holding company” and “subsidiary company”. A “wholly-owned subsidiary” will be defined for the first time under Irish company law.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 phool chandra singh answered almost 3 years ago

Dear, your query is that Has the test for determining a holding company/subsidiary relationship changed under the Act? answer of your query is that The Act combines the definitions of holding company and subsidiary in Section 155 of the Companies Act 1963 and the separate definitions of “parent undertaking” and “subsidiary undertaking” in the European Communities (Companies: Group Accounts) Regulations 1992 for the purposes of group accounts into a broad umbrella definition of “holding company” and “subsidiary company”. A “wholly-owned subsidiary” will be defined for the first time under Irish company law. Thanks & Regards,

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