What is a Subsidiary?
A subsidiary is a company that is owned or controlled by another company or trust.
A subsidiary relationship is one where a juristic person (e.g. a company or a trust) is owned or controlled by another juristic person.
This control could be in the form of direct or indirect ownership, majority voting rights, or the ability to appoint the directors who control the company.
A subsidiary relationship is one where a juristic person (e.g. a company or a trust) is owned or controlled by another juristic person.
This control could be in the form of direct or indirect ownership, majority voting rights, or the ability to appoint the directors who control the company.
Updated on: 23/08/2023
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