Definitions - Associate Company - Sec 2(6); Auditing Standards - Sec 2(7); Authorized Capital - Sec 2(8); Banking Company - Sec 2(9); Board of Directors - Sec 2(10) - The Companies Act 2013
Section 2: In the Companies Act 2013, unless the context otherwise requires,--
Section 2(6): “Associate Company”, in relation to another company, means 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.
Explanation.—For the purposes of this clause, “significant influence” means control of at least twenty per cent. of total share capital, or of business decisions under an agreement;
Section 2(7): “Auditing Standards” means the standards of auditing or any addendum thereto for companies or class of companies referred to in sub-section (10) of section 143;
Section 2(8): “Authorised Capital” or “nominal capital” means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company;
Section 2(9): “Banking Company” means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949;
Section 2(10): “Board of Directors” or “Board”, in relation to a company, means the collective body of the directors of the company;