All India Bar Examination (AIBE) 15-XV Previous Year Question Papers with Answers

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67.

An associate company, in relation to another company, means

A: a company in which that other company has a significant influence, but which is a subsidiary company of the company having such influence and includes a joint venture company
B: a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company
C: a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and does not include a joint venture company
D: a company in which that other company has full shares, and is a subsidiary company of the company having such influence and includes a joint venture company

The answer is: B

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