Can anyone give example for significant influence by statute or agreement. Does Board of Directors appointed through resolution means significant influence by agreement
05 May 2023
Share ownership. Company A owns a 20% voting common stock interest in Company B. Company B owns a 20% voting common stock interest in Company C. Therefore, Company A indirectly owns 4% of Company C. No contrary evidence exists to overcome the presumption that Company A has significant influence over Company B and that Company B has significant influence over Company C. Agreement. Bankers by loan agreement appoint a director in the board. Statute. Statutory requirement of government directors in case of company serving the public cause.
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