Question

Two enterprises shall be deemed to be
associated enterprises i, at any time during
the previous year, one enterprise holds shares
carrying not less than X % of the voting power
in the other enterprise. What is X%?
(a) 15%
(b) 26%
(c) 20%
(d) 10%​

Answer 1

Answer:

2 Clause (a) - Two enterprises are deemed to be associated enterprises under section 92A(2)(a) if at any time during the previous year one enterprise holds, directly or indirectly, shares carrying at least 26% of the voting power in the other enterprise.

Explanation:

it is 26%

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