Version Superseded: 06/04/2008
Point in time view as at 11/08/1998.
There are currently no known outstanding effects for the Companies Act 1989, Cross Heading: Right to exercise dominant influence.
4(1)For the purposes of section 258(2)(c) an undertaking shall not be regarded as having the right to exercise a dominant influence over another undertaking unless it has a right to give directions with respect to the operating and financial policies of that other undertaking which its directors are obliged to comply with whether or not they are for the benefit of that other undertaking.
(2)A “control contract” means a contract in writing conferring such a right which—
(a)is of a kind authorised by the memorandum or articles of the undertaking in relation to which the right is exercisable, and
(b)is permitted by the law under which that undertaking is established.
(3)This paragraph shall not be read as affecting the construction of the expression “actually exercises a dominant influence” in section 258(4)(a).
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
