5A. Definition of ultimate holding company Flashcards

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1
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5A. Definition of ultimate holding company

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General overview
[5A.01] This section clarifies that the ultimate holding company cannot be the subsidiary of another company. In other words, it is at the apex of a group of companies.

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2
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“ultimate holding company”

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[5A.02] The ultimate holding company is the holding company (A) of another corporation (B), and A is not a subsidiary of another corporation.

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