Willow Limited and Rupert Limited are the two subsidiaries of Buffy Company. Dan Sanders, one of the directors of Buffy Company, is also a director of Rupert Limited. Dan's wife, Sandra, has 10% of shareholding in Rupert Limited. Which of the following are related parties to Willow Limited?

Question

Quizplus · Accepted Answer

Buffy Company and Rupert Limited are related parties as they are both subsidiaries of the same parent company. Dan Sanders is a director of both companies, but this alone does not make him a related party to Willow Limited. Similarly, while Sandra Sanders has a shareholding in Rupert Limited, this does not make her a related party to Willow Limited.

Willow Limited and Rupert Limited Are the Two Subsidiaries of Buffy