Control over a company is presumed to exist where the following holds except where

Control over a company is presumed to exist where the following holds except where

Parent company has power over more than half the voting right by virtue of agreement with other investors

Parent company has power to govern the financial and operating policies of the enterprise under a statute or agreement.

—>> Parent company bears the same name as subsidiary

Parent company has power to appoint or remove the majority of the members of the board of directors

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