Schedule 7, paragraph 4(1)

For the purposes of section 1162(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.

← 4 · All articles · 2 →

Source: legislation.gov.uk · retrieved 2026-09-04