Holding company: Difference between revisions

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m (Added a section for the definition of the term "Holding Company" in the United Kingdom, to supplement the information provided for the US. Also removed a source citation against "United States - Personal Holding Company" as was referencing a UK website that made no mention of Holding Companies, US or otherwise.)
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===Company Law===
In the United Kingdom, the term "Holding Company" is defined by the Companies Act 2006 at section 1159. It defines a Holding Company as a Company that holds a majority of the voting rights in another company, OR is a member of another company and has the right to appoint or remove a majority of its board of directors, OR is a member of another company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in that company.<ref>{{cite web| url=https://www.companyformations247.co.uk/frequently-asked-questions#holdcodef |title= What is a Holding Company? }} Wednesday, 8 January 2020 </ref>
 
==Parent company==