This
adran has no associated
Nodiadau Esboniadol
12(1)For the purposes of this Part of this Schedule a company is an associate of the supplier if—U.K.
(a)the company is a wholly owned subsidiary of the supplier;
(b)the supplier is a wholly owned subsidiary of the company; or
(c)the company and the supplier are both wholly owned subsidiaries of another company;
and the company is registered under the M1Companies Act 1985 as a company limited by shares.
(2)The references in sub-paragraph (2) to a wholly owned subsidiary shall be construed in accordance with section 736 of the Companies Act 1985.