Question
Legal Studies Question on Company Law
“Associate company” in relation to another company means a company:
A
In which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company
B
Where control of at least twenty per cent of total voting power, or control of or participation in business decisions is given under an agreement
C
Where a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.
D
All of the above
Answer
All of the above
Explanation
Solution
An associate company refers to a company in which another company has significant influence (typically 20)