Singapore legislation
Regulation 2
of Co-operative Societies (Exemption under Section 97) (No. 4) Order 2012
Regulation 2
Definitions
In this Order —“associated company”, in relation to a society, means a company (other than a joint venture company or subsidiary company) over which the society has significant influence;“company” has the same meaning as in section 4(1) of the Companies Act (Cap. 50);“joint venture company”, in relation to a society, means a company (other than a subsidiary company) —
the issued share capital in which the society has an interest; and
which is formed between the society and one or more parties for the purpose of jointly undertaking an economic activity;“significant influence”, in relation to a company, means the power to participate in the financial and operating policy decisions of the company, but does not include control or joint control over such policy decisions;“subsidiary company”, in relation to a society, means a company which is controlled by the society.
Definition
“associated company”, in relation to a society, means a company (other than a joint venture company or subsidiary company) over which the society has significant influence;
Definition
“company” has the same meaning as in section 4(1) of the Companies Act (Cap. 50);
Definition
“joint venture company”, in relation to a society, means a company (other than a subsidiary company) —
the issued share capital in which the society has an interest; and
which is formed between the society and one or more parties for the purpose of jointly undertaking an economic activity;
Definition
“significant influence”, in relation to a company, means the power to participate in the financial and operating policy decisions of the company, but does not include control or joint control over such policy decisions;
Definition
“subsidiary company”, in relation to a society, means a company which is controlled by the society.