Companies (Subsidiaries) (Jersey) Order 2003
Official Consolidated Version
This is an official version of consolidated legislation compiled and issued under the authority of the Legislation (Jersey) Law 2021.
Showing the law from 1 January 2019 to Current
Contents
Article
1 Meaning of “subsidiary”, “wholly-owned subsidiary” and “holding body”. 3
2 Citation. 3
Endnotes 4
Table of Legislation History. 4
Table of Renumbered Provisions. 4
Table of Endnote References. 4
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
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
Table of Endnote References
There are currently no endnote references