Companies Act 1967 s 5B
s 5B Definition of wholly owned subsidiary
5B. For the purposes of this Act, a corporation is a wholly owned subsidiary of another corporation if none of the members of the firstmentioned corporation is a person other than —(a)
that other corporation;
(b)
a nominee of that other corporation;
(c)
a subsidiary of that other corporation being a subsidiary none of the members of which is a person other than that other corporation or a nominee of that other corporation; or
(d)
a nominee of such subsidiary.
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