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Page 170

CHAPTER 15
ACCOUNTS

The amount of the directors' emoluments as prescribed by section 196 (ante, p. 124).

Holding and Subsidiary Companies.-A company is a subsidiary of another if, but only if (s. 154) :
(a) that other either:
(i) is a member of it and controls the composition of its board of directors; or
(ii) holds more than half in nominal value of its equity share capital7; or
(b) the first mentioned company is a subsidiary of any company which is that other's subsidiary.

A company with subsidiaries (called a holding company) when it lays its own balance sheet and profit and loss account before the general meeting must also lay before it group accounts comprising a consolidated balance sheet and a consolidated profit and loss account of the company and its subsidiaries (s. 150). Group accounts are not necessary
(a) if the holding company is itself a subsidiary of another company; or
(b) if the directors are of opinion that
(i) it is impracticable or would be of no real value in view of the insignificant amounts involved or the expense and delay; or
(ii) the result would be misleading or harmful to the business of the company or its subsidiaries; or
(iii) the business of the holding company and that of the subsidiary are so different that they cannot be treated as a single undertaking [in this case and when it is said to be harmful, group accounts can only be dispensed with by approval of the Board of Trade].

7. Means the issued share capital, excluding any part which neither as to dividends nor as to capital, has any right to participate beyond a specified amount in a distribution (s. 154 (5)).

travel books:
where is HTML where is HEAD where is TITLE The amount of what is directors' emoluments as prescribed by section 196 (ante, p. 124). Holding and Subsidiary Companies.-A company is a subsidiary of another if, but only if (s. 154) : (a) that other either: (i) is a member of it and controls what is composition of its board of directors; or (ii) holds more than half in nominal value of its equity share capital7; or (b) what is first mentioned company is a subsidiary of any company which is that other's subsidiary. A company with subsidiaries (called a holding company) when it lays its own balance sheet and profit and loss account before what is general meeting must also lay before it group accounts comprising a consolidated balance sheet and a consolidated profit and loss account of what is company and its subsidiaries (s. 150). Group accounts are not necessary (a) if what is holding company is itself a subsidiary of another company; or (b) if what is directors are of opinion that (i) it is impracticable or would be of no real value in view of what is insignificant amounts involved or what is expense and delay; or (ii) what is result would be misleading or harmful to what is business of what is company or its subsidiaries; or (iii) what is business of what is holding company and that of what is subsidiary are so different that they cannot be treated as a single undertaking [in this case and when it is said to be harmful, group accounts can only be dispensed with by approval of what is Board of Trade]. 7. Means what is issued share capital, excluding any part which neither as to dividends nor as to capital, has any right to participate beyond a specified amount in a distribution (s. 154 (5)). where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 170 where is strong CHAPTER 15 ACCOUNTS where is p align="justify" The amount of what is directors' emoluments as prescribed by section 196 (ante, p. 124). Holding and Subsidiary Companies.-A company is a subsidiary of another if, but only if (s. 154) : (a) that other either: (i) is a member of it and controls what is composition of its board of directors; or (ii) holds more than half in nominal value of its equity share capital7; or (b) what is first mentioned company is a subsidiary of any company which is that other's subsidiary. A company with subsidiaries (called a holding company) when it lays its own balance sheet and profit and loss account before the general meeting must also lay before it group accounts comprising a consolidated balance sheet and a consolidated profit and loss account of what is company and its subsidiaries (s. 150). Group accounts are not necessary (a) if what is holding company is itself a subsidiary of another company; or (b) if what is directors are of opinion that (i) it is impracticable or would be of no real value in view of the insignificant amounts involved or what is expense and delay; or (ii) what is result would be misleading or harmful to what is business of what is company or its subsidiaries; or (iii) what is business of what is holding company and that of what is subsidiary are so different that they cannot be treated as a single undertaking [in this case and when it is said to be harmful, group accounts can only be dispensed with by approval of what is Board of Trade]. 7. Means what is issued share capital, excluding any part which neither as to dividends nor as to capital, has any right to participate beyond a specified amount in a distribution (s. 154 (5)). where is Server.Execute("_SiteMap.asp") %

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