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United Kingdom

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Holding company definition

What does Holding company mean? A holding company is a company that controls another company (its subsidiary) within a corporate group, also called a parent company. Whether a company is a holding company of another is defined by section 1159 of the Companies Act 2006. A company is a holding company if it holds a majority of the subsidiary’s voting rights; or is a member and has the right to appoint or remove a majority of its directors; or is a member and controls, alone under an agreement with other members (shareholders), a majority of the voting rights. Indirect control also qualifies where the other...

Ordinary resolution approving subsidiary quasi-loan to holding company director or connected person, and any related guarantee, security or arrangement under Companies Act 2006 ss 198 and 203

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ORDINARY RESOLUTION

[ That approval be given, in accordance with section 198 of the Companies Act 2006, for a quasi-loan in the sum of [ insert amount of quasi-loan ], to be advanced by [ insert name of Subsidiary company ] to [ insert name of director ], a director of the Company. OR That the [ guarantee OR security ] to be provided by [ insert name of subsidiary company ] in relation to a quasi-loan of [ insert amount of quasi-loan ] by [ insert name of person who has given or is giving the quasi-loan ] to [ insert name of director ], a director of the Company, be authorised pursuant to section 198 of the Companies Act 2006. OR That the [ insert details of arrangement falling within the definition of ‘related arrangement’ in section 203(1) CA 2006 ] be authorised in accordance with section 203 of the Companies Act 2006. ]...

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Web page updated on 22/05/2026

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