A foreign subsidiary can give financial assistance for purchase of a company’s shares. Assistance to buy shares in the parent company by a subsidiary is not ipso facto assistance from parent company.
Citations:
Gazette 23-Mar-1994, Times 19-Oct-1993, Ind Summary 11-Oct-1993
Statutes:
Jurisdiction:
England and Wales
Company
Updated: 08 April 2022; Ref: scu.77845