Introduction Details of the Sections Section 173 – Connected persons: cell companies
381.Subsection (1) provides that a ‘cell’ in a ‘cell company’ is treated as though it is a separate company when establishing who is connected to that company.
382.Subsection (2) provides that a company is a ‘cell company’ where either of the two conditions in subsections (3) or (4) is met.
383.Subsection (3) provides the rules for the first condition. These are where the company may (because of the laws it is incorporated under.