A subsidiary is an undertaking controlled by a parent company, including a subsidiary controlled through another subsidiary. It remains a separate legal entity, but its financial information may be consolidated with the wider group.
Control may arise through majority voting rights, the power to appoint or remove governing-body members, contractual rights, or another dominant influence recognised by the applicable rules.
The subsidiary label does not describe size, profitability, or debt support. It also does not mean the parent automatically owns every share or guarantees every obligation, so the ownership chain and legal documents still matter.
This page explains the shared concept. National legal effects may differ. Check official records before acting.
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