Overview
623.This Chapter sets out how the rights of equity holders are determined in this Part. These rights (to profits and assets of a company) are used as alternatives to simple shareholding for determining interests in a company:
in determining the proportion of a company’s loss etc that can be surrendered to a member of a consortium that owns the company (section 143(3));
in determining the proportion of a company’s profits that can used to absorb losses etc surrendered by a member of a consortium that owns the company (section 144(3)); and
in the tests as to whether or not a company is a 75% subsidiary (or a 90% subsidiary) of another (section 151(4)).
