Holding company: Difference between revisions

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Added a more "reliable" source reference, linking directly to the relevant section of the Act on a UK Gov website
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m (Added a more "reliable" source reference, linking directly to the relevant section of the Act on a UK Gov website)
 
===Company Law===
In the United Kingdom, the term "Holding Company" is defined by the Companies Act 2006 at section 1159 <ref>{{cite web|url=http://www.legislation.gov.uk/ukpga/2006/46/section/1159|title=Companies Act 2006 - s.1159|website=legislation.gov.uk|accessdate=2020-01-09}}</ref>. 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.
 
==Parent company==