Section 2, Companies Act [S10-5A2]
As at 1 April 2014. In force from 1 April 2014.
2. Definitions.—In this Act, unless the context otherwise requires,—
[...]
(20) "company" means a company incorporated under this Act or under any previous company law;
[...]
(60) "officer who is in default", for the purpose of any provision in this Act which enacts that an officer of the company who is in default shall be liable to any penalty or punishment by way of imprisonment, fine or otherwise, means any of the following officers of a company, namely:—
(i) whole-time director;
(ii) key managerial personnel;
[...]
(87) "subsidiary company" or "subsidiary", in relation to any other company (that is to say the holding company), means a company in which the holding company—
(i) controls the composition of the Board of Directors; or
(ii) exercises or controls more than one-half of the total share capital either at its own or together with one or more of its subsidiary companies:
[...]
Defined terms in this text (4)
company: Section 2, Companies Act [S105A2] (In this Act, unless the context otherwise requires,— [...]): "company" means a company incorporated under this Act or under any previous company law
company: Section 2(20), Companies Act: "company" means a company incorporated under this Act or under any previous company law;
company: 12 more definitions.
director: Section 2(34), Companies Act: "director" means a director appointed to the Board of a company;
key managerial personnel: Section 2(51), Companies Act: "key managerial personnel", in relation to a company, means— (i) the Chief Executive Officer or the managing director or the manager; (ii) the company secretary; (iii) the whole-time director; (iv) the Chief Financial Officer; (v) such other officer, not more than one level below the directors who is in whole-time employment, designated as key managerial personnel by the Board; and (vi) such other officer as may be prescribed;
subsidiary company: Section 2, Companies Act [S105A2] (In this Act, unless the context otherwise requires,— [...]): "subsidiary company", in relation to a holding company, means a company in which the holding company controls the composition of the Board of Directors or exercises or controls more than one-half of the total voting power [...]
subsidiary company: Section 2(87), Companies Act: "subsidiary company" or "subsidiary", in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies: Provided that such class or classes of holding companies as may be prescribed shall not have layers of subsidiaries beyond such numbers as may be prescribed. Explanation.—For the purposes of this clause,— (a) a company shall be deemed to be a subsidiary company of the holding company even if the control referred to in sub-clause (i) or sub-clause (ii) is of another subsidiary company of the holding company; (b) the composition of a company's Board of Directors shall be deemed to be controlled by another company if that other company by exercise of some power exercisable by it at its discretion can appoint or remove all or a majority of the directors; (c) the expression "company" includes any body corporate; (d) "layer" in relation to a holding company means its subsidiary or subsidiaries;
Made under this section, or naming it (0)
none
Cited by (0)
none
Not held (0)
none
Duties published under this section (0)
none