Here is a simplified explanation of the laws described in the Section 14. Certain sections of the Companies Act 2014 are applied, including Sections 135, 270, 271, 889 and 893. These cater to various areas of company operations:

  • Section 2 covers the general interpretation of the Act
  • Section 3 discusses periods of time
  • Section 7 provides a definition for the term "subsidiary"
  • Section 8 defines a "holding company", a "wholly owned subsidiary" and a "group of companies"
  • Section 11 explains the use of terms like directors, board of directors and how to understand certain plural forms
  • Sections 32(3) and 33(1)(b) to (h) and (2) describe how a company can change its constitution by special resolution and the important aspects to be published
Please note that this is not the full list of sections being discussed, but it should give you a basic understanding of some of the major points. For a more detailed explanation, each section can be explored further.

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