2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

3.   Dependant company

For the purpose of these Regulations, a company is a dependant of another where –

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    (a)     that other company, either alone or with any associate or associates is entitled to exercise, or control the exercise of 1/3 or more of the voting power at any general meeting of the first-mentioned company; or

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    (b)     the first-mentioned company is a dependant of any company which is that other company's dependant.