430(1)  This section gives the meaning of “associated company” for the purposes of this Chapter.

430(2)  A company is an “associated company” of another company on any day if, at the start of that day–

(a)one of the two has control of the other, or

(b)both are under the control of the same person or persons.

430(3)  Section 450 (meaning of “control” for the purposes of Part 10 (close companies)) applies for the purposes of subsection (2).

430(4)  Subsections (5) and (6) apply if, at the start of any day, a company (“the consortium company”)–

(a)is owned by a consortium, or

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