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Glossary > C > "Close company" Definition

Close company

A company in which the directors control more than half the voting shares, or where such control is exercised by five or fewer people and their associates.

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Close company - A company in which the directors control more than half the voting shares, or where such control is exercised by five or fewer people and their associates.

Close company : a company in which the directors control more than half the voting shares, or where such control is exercised by five or fewer people and their associates.