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Companies (Subsidiaries) (Jersey) Order 2003

Unofficial Consolidated Version

13.125.81

Showing the law as at 1 January 2019

 




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Companies (Subsidiaries) (Jersey) Order 2003

THE ECONOMIC DEVELOPMENT COMMITTEE, in pursuance of Article 2 of the Companies (Jersey) Law 1991, and having consulted the Jersey Financial Services Commission, orders as follows –

Commencement [see endnotes]

1        Meaning of “subsidiary”, “wholly-owned subsidiary” and “holding body”

If shares were held by way of security on 1st September 2002 –

(a)     Article 2A(7) of the Companies (Jersey) Law 1991 shall not apply, while that security remains in force, to rights that are attached to the shares; and

(b)     while that paragraph does not apply, those rights shall instead be treated for the purposes of Article 2 of that Law as being held by the person who is for the time being providing the security.

2        Citation

This Order may be cited as the Companies (Subsidiaries) (Jersey) Order 2003.

 


Endnotes

Table of Legislation History

Legislation

Year and No

Commencement

Companies (Subsidiaries) (Jersey) Order 2003

R&O.47/2003

21 May 2003

Transfer of Functions (Economic Development Committee) (Jersey) Act 2003

R&O.101/2003

14 October 2003

Table of Renumbered Provisions

Original

Current

2

spent, omitted from this revised edition

3

2

Table of Endnote References

There are currently no endnote references


Page Last Updated: 10 Aug 2021