An associate company, in relation to another company, means:
Aa 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
✓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
Answer
Ca 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
Da 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
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Explanation & Strategy
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Under Section 2(6) of the Companies Act, 2013, an 'associate company' means a company in which another company has significant influence (but not a subsidiary). Significant influence means control of at least 20% of total voting power or business decisions.