Status: You are viewing the version of the handbook as on 2009-03-31.

participation

    19(for the purposes of ELM , UPRU 41 and GENPRU and for the purposes of BIPRU andINSPRU as they apply on a consolidated basis43):

      1. (a) a participating interest 64may be defined according to:64
        1. (i) section 260 of the Companies Act 1985 where applicable; or 64
        1. (ii) paragraph 11(1) of Schedule 10 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008/410) where applicable; or64
        1. (iii) paragraph 8 of Schedule 7 to the Small Companies and Groups (Accounts and Directors' Report) Regulations 2008 (SI 2008/409) where applicable;6764 or
        1. (iv) paragraph 8 of Schedule 4 to the Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008 (SI 2008/1913) where applicable; or67
        1. (v) paragraph 8 of Schedule 5 to the Small Limited Liability Partnerships (Accounts) Regulations 2008 (SI 2008/1912) where applicable; or67
      1. (b) (otherwise)67 the direct or indirect ownership of 20% or more of the voting rights or capital of an undertaking;

    but excluding the interest of a parent undertaking in its subsidiary undertaking.