Structure of the Act Part 1 - the Homes and Communities Agency Functions in relation to companies and other persons Section 41 - Control of subsidiaries
82.A subsidiary of the HCA will not have the power to engage in an activity that the HCA itself would not be required or permitted to carry out unless the subsidiary has the consent of the Secretary of State.
83.The HCA must take steps to ensure that its subsidiaries do not borrow money from anyone other than the HCA, nor issue shares or stocks to anyone other than the HCA, without the consent of the Secretary of State.