March 31, 2010

WHEN COMPANIES DEEMED TO BE RELATED TO EACH OTHER

Where a Corporation-
(a) is the holding company of another corporation;

(b) is a subsidiary of another corporation

(c) is the subsidiary of the holding Company of another corporation

that first mentioned corporation and that other corporation shall for the purposes of this Act be deemed to be related to each other.

THE ABOVE PROVISIONS ARE FOUND IN SECTION 6 OF THE COMPANYS ACT 1965.(ACT 125)

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