Question

“Associate company” in relation to another company means a company:

• A. In which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company
• B. Where control of at least twenty per cent of total voting power, or control of or participation in business decisions is given under an agreement
• C. Where a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.
• D. All of the above

Answer 1

The Correct Option is D

An associate company refers to a company in which another company has significant influence (typically 20)