Glossary entry (derived from question below)
Italian term or phrase:
Società correlate
English translation:
affiliated company, related company...
Added to glossary by
Béatrice Sylvie Lajoie
Nov 15, 2006 05:47
17 yrs ago
2 viewers *
Italian term
Società correlate
Italian to English
Bus/Financial
Business/Commerce (general)
I meccanismi contabili utilizzati per dissimilare le attività distrattive di fondi, partimao dall'esempio in cui la società acquisisce liquidità dal mercato ed utilizza tale liquidità per concedere un credito a una "società correlata"...........Is related company ok?
Thanks
Giovanna
Thanks
Giovanna
Proposed translations
(English)
| 4 +2 | affiliated company |
Béatrice Sylvie Lajoie
|
| 5 +1 | Related party |
James (Jim) Davis
|
| 4 +1 | associated company |
Patricia Crotty
|
| 4 | connected company |
Ornella Vecchio
|
Proposed translations
+2
1 hr
Béatrice Sylvie Lajoie
Native in English
Works in field
Master's degree in Law, accurate
Native in: French 
, English
Works in: Italian to French, English to French
Related KudoZ points
:
16
Selected
affiliated company
synonyms
associated company
related company
affiliate company
corporate affiliate
affiliated corporation
associated corporation
allied company
affiliated undertaking
affiliate
associate
associated company
related company
affiliate company
corporate affiliate
affiliated corporation
associated corporation
allied company
affiliated undertaking
affiliate
associate
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
2 hrs
James (Jim) Davis
Seychelles
Seychelles
Native in English
Specializes in field
Seychelles
25 years experience constantly improving
Native in: English (Variant: British) 
Works in: Italian to English
Related KudoZ points
:
1888
Related party
This is written into law and concerns governance. It is a "related company" in the same sense as a "related party" and has to do with insider trading, conflicts of interest and so on.
Peer comment(s):
| agree |
DCypher (X)
1 hr
|
4 hrs
Ornella Vecchio
Italy
Italy
Native in Italian
Works in field
Italy
Sworn translator in Italy since 1999
Native in: Italian
Works in: English to Italian, Italian to English, French to Italian, and 5 more.
Related KudoZ points
:
8
connected company
Connected company.
A company is connected with another company if either the same person has control of both companies (or that person and a person connected with him together have control of both companies), or if a group of two or more persons has control of each company and the group consists of the same persons (or could be regarded as consisting of the same persons if one member is replaced with another person with whom he is connected). A company is connected with another person if that person has control of it or if that person and persons connected with him together have control of the company. A person or a company has control if it is able to exercise, or is entitled to acquire, direct or indirect control over the company's affairs and possessions, or is entitled to acquire the majority of the shares or voting rights or distributions or assets on an eventual winding up of the company (section 53(2), Finance Act 2003; sections 839 and 416, Income and Corporation Taxes Act 1988).
A company is connected with another company if either the same person has control of both companies (or that person and a person connected with him together have control of both companies), or if a group of two or more persons has control of each company and the group consists of the same persons (or could be regarded as consisting of the same persons if one member is replaced with another person with whom he is connected). A company is connected with another person if that person has control of it or if that person and persons connected with him together have control of the company. A person or a company has control if it is able to exercise, or is entitled to acquire, direct or indirect control over the company's affairs and possessions, or is entitled to acquire the majority of the shares or voting rights or distributions or assets on an eventual winding up of the company (section 53(2), Finance Act 2003; sections 839 and 416, Income and Corporation Taxes Act 1988).
Reference:
Peer comment(s):
| neutral |
Béatrice Sylvie Lajoie
: I think that "correlate" doesn't necessarily mean that one company exercises control over the other, but that there is a relevant degree of connection/affiliation with another company
4 hrs
|
+1
1 hr
associated company
I usually use this but I think related company is ok too
--------------------------------------------------
Note added at 6 hrs (2006-11-15 12:26:22 GMT)
--------------------------------------------------
What is an associated company?
The biggest problem with associated company definitions is that they are entombed in ICTA 1988 s416, and this is ‘Close Company’ legislation - a blind spot for many practitioners.
‘A company is to be treated as an associated company of another at a given time if at that time, or at any other time within one year previously, one of the two has control of the other or both are under the control of the same person or persons.’
In other words, companies are associated where a person or group of persons can control both, either personally, or via their interests in other corporate shareholders.
www.taxationweb.co.uk/articles/article.php
--------------------------------------------------
Note added at 6 hrs (2006-11-15 12:26:22 GMT)
--------------------------------------------------
What is an associated company?
The biggest problem with associated company definitions is that they are entombed in ICTA 1988 s416, and this is ‘Close Company’ legislation - a blind spot for many practitioners.
‘A company is to be treated as an associated company of another at a given time if at that time, or at any other time within one year previously, one of the two has control of the other or both are under the control of the same person or persons.’
In other words, companies are associated where a person or group of persons can control both, either personally, or via their interests in other corporate shareholders.
www.taxationweb.co.uk/articles/article.php
Peer comment(s):
| agree |
DCypher (X)
2 hrs
|
|
thanks Paul!
|
Something went wrong...