Under Common Control definition
Examples of Under Common Control in a sentence
For purposes of this Agreement, the term “Affiliates” is defined as any person or entity Controlling, Controlled by, or Under Common Control with the Company.
For purposes of this Agreement, the term “Affiliates” means any person or entity Controlling, Controlled by, or Under Common Control with the Company.
GRAP 105: Transfers of Functions Between Entities Under Common Control The objective of this standard is to establish accounting principles for the acquirer and transferor in a transfer of functions between entities under common control.
GRAP 106: Transfers of Functions Between Entities not Under Common Control The objective of this standard is to establish accounting principles for the acquirer in a transfer of functions between entities not under common control.
Associates and Entities Under Common Control are recognized in the framework of TFRS 9 “Financial Instruments: Turkish Financial Reporting Standards” in accordance with TAS 27 “Individual Financial Statements” and TAS 28 “Investments in Subsidiaries and Associates” standards while subsidiaries are recognized based on cost principle.