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Companies Act 1989
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Changes over time for: Paragraph 7
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 06/03/1992
Point in time - Stop date 06/04/2008- Amendment
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Point in time view as at 06/03/1992. This version of this provision has been superseded.
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7(1)The information required by paragraphs 8 and 9 shall be given where at the end of the financial year the company has a significant holding in an undertaking which is not a subsidiary undertaking of the company.
(2)A holding is significant for this purpose if—
(a)it amounts to 10 per cent. or more of the nominal value of any class of shares in the undertaking, or
(b)the amount of the holding (as stated or included in the company’s accounts) exceeds one-tenth of the amount (as so stated) of the company’s assets.
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