group of companies definition

group of companies means a holding company and all of its subsidiaries;
group of companies means companies which are included in the same group for the purposes of consolidated accounts, as defined in accordance with Directive 83/349/EEC on the preparation of consolidated accounts or in accordance with recognised international accounting rules.
group of companies means companies belonging to the same body of undertakings and which must draw up consolidated accounts in accordance with Council Directive 83/349/EEC of 13 June 1983 on consolidated accounts and according to recognised international accounting rules, as amended.

Examples of group of companies in a sentence

  • The Company agrees to provide Employees with the benefits under the Magna Group of Companies Retirement Savings Program as set out in the Employee Retirement Savings Program Booklets.


More Definitions of group of companies

group of companies means two or more companies in which one company (hereinafter referred to as the ‘controlling group company’) directly or indirectly holds shares in at least one other company (hereinafter referred to as the ‘controlled group company’), to the extent that—
group of companies means a parent undertaking and all its subsidiary undertakings;
group of companies means 2 or more companies each of which is either a holding company or subsidiary of the other or any of the others;
group of companies. ’ means two or more companies that share a holding company or subsidiary relationship;
group of companies means a holding company and its subsidiaries;
group of companies means the subsidiaries, associated companies of the listed issuer and the listed issuer’s immediate holding company which is listed.
group of companies. (公司集團) means any 2 or more bodies corporate one of which is the holding company of the other or others;