or if it is a subsidiary of an enterprise that is itself a subsidiary of that other enterprise. (1) The Secretary of State may, by order, amend the provisions of section 1159 (meaning “subsidiary”, etc.) and Schedule 6 (meaning “subsidiary”, etc.: supplementary provisions) to amend the meaning of the terms “subsidiary”, “holding company” or “wholly-owned subsidiary”. (within the meaning of section 1159(1)16 of the Companies Act 2006 (meaning “subsidiary”, etc.) 16 (with respect to another entity (“S”)) a company that: (2) A company is a “wholly-owned subsidiary” of another company if it has no members other than the wholly-owned subsidiaries of others and the other company or persons acting on behalf of those others or their wholly-owned subsidiaries, has. (1) A company is a “subsidiary” of another company, its “holding company”, if that other company – (c) is a member of the company and controls the majority of the voting rights in the company only on the basis of an agreement with other members. (a) holds a majority of the voting rights held therein, or I1S. 1159 fully in force on 1.10.2009; see 1159 for Royal Assent not in force see p. 1300; p. 1159 in force for specific purposes on 6.4.2008 by S.I. 2007/3495, art. 3(4) (with savings in ss. 7, 12); see 1159 otherwise in force on 1.10.2009 by S.I. 2008/2860, art. 3(u) (with Art.
5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, Art. 18). (4) Much of section 23(3) of the Interpretative Act, 1978 (ca. 30), which applies section 17(2)(a) of this Act (effect of repeal and remission) to acts, acts and documents other than orders, does not apply to cancellations and subsequent orders made by regulations under this section. 4. In this Section and in this calendar, “enterprise” means any organization.
Common Financial Restrictive CovenantsThis practice note explains some common financial restrictive covenants used in commercial financial transactions, including:•Minimum net asset test•Debt ratio•Debt ratio (or debt ratio)•Current ratio (or acid test ratio)•Cash flow ratio•Interest coverage ratio and•Section 2(1) of the Misrepresentation Act, 1967 allows an applicant to request damages for non-fraudulent misrepresentation; unless the representative can prove that he or she had reasonable grounds to believe that the statement is true. If the representative had reasonable grounds to believe that the Declaration (b) is a member of the Declaration and has the right to appoint or dismiss a majority of its Board of Directors, or (3) Annex 6 contains provisions that explain the terms used in this section and otherwise supplement this section. Status: Please note that you should read all the changes to the FCA Manual and Brexit BTS as well as the main FCA transition instructions. If these instructions apply standstill, companies have the choice between complying with the rules for the closing date before the intellectual property or the rules for the closing day after the intellectual property. For a complete list of affected manual modules, refer to Appendix B of the main fcA transition instructions. 3. Any changes made by the provisions of this Division do not apply for the purposes of derogations outside the Companies Acts, unless the regulations so provide.