Introduction Equity holders Overview Section 153: Companies owned by consortiums and members of consortiums
605.This section sets out the conditions for a company to be “owned by a consortium”. It is based on sections 402 and 413 of ICTA.
606.Subsection (1) sets out the two basic conditions.
607.Subsection (3) extends the relief that is available to consortiums. The extension involves trading companies in the same group as a holding company owned by a consortium. The corresponding extension to companies in the same group as a consortium member is in section 133(1) and (2).
608.“Holding company” is defined in section 185(2).