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Housing and Regeneration Act 2008
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Changes over time for: Section 271
Version Superseded: 01/04/2024
Alternative versions:
- 01/04/2010- Amendment
- 01/08/2014- Amendment
- 06/04/2017
Point in time - 01/04/2024- Amendment
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Housing and Regeneration Act 2008, Section 271 is up to date with all changes known to be in force on or before 13 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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271Subsidiary and associateE+W
This section has no associated Explanatory Notes
(1)A company is a “subsidiary” of a person if any of the following conditions is satisfied.
(2)Condition 1 is that the person—
(a)is a member of the company, and
(b)has power, independent of any other person, to appoint or remove all or a majority of the board of directors.
(3)Condition 2 is that the person holds more than half in nominal value of the company's equity share capital.
(4)Condition 3 is that the company is a subsidiary, within the meaning of the Companies Act 2006 (c. 46) or [F1Part 7 of the Co-operative and Community Benefit Societies Act 2014], of a company which is a subsidiary of the person by virtue of Condition 1 or 2.
(5)In relation to a company which is [F2a registered society] a reference to the board of directors is a reference to the committee of management.
(6)“Associate” of a provider means—
(a)a body of which the provider is a subsidiary, and
(b)any other subsidiary of that body.
Textual Amendments
F1Words in s. 271(4) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 135 (with Sch. 5)
F2Words in Act substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 122 (with Sch. 5)
Commencement Information
I1S. 271 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)
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