ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART I - PRELIMINARY

 
Section 5B. Definition of wholly-owned subsidiary.
 
Section 5B. Definition of wholly-owned subsidiary. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125)

For the purposes of this Act, a corporation shall be deemed to be a wholly-owned subsidiary of another corporation if none of the members of the first mentioned corporation is a person other than—

    (a) the second-mentioned corporation;

    (b) a nominee of the second-mentioned corporation;

    (c) a subsidiary of the second-mentioned corporation, being a subsidiary none of the members of which is a person other than the second-mentioned corporation or a nominee of the second-mentioned corporation; or

    (d) a nominee of such a subsidiary.