Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Bank holding company
a company that owns or controls one or more banks. 0 ownership or control of 25 percent is usu. Enough for this purpose. - abbr. Bhc.
Public Utility Holding Company Act
A federal law enacted in 1935 to protect investors and consumers from the economic disadvantages produced by the small number of holding companies that owned most of the nation's utilities. ( The Act also sought to protect the public from deceptive security advertising. 15 USCA ยงยง 79 et seq. - Abbr. PUHCA.
diversified holding company
A holding company that controls several unrelated companies or businesses.
holding company
A company formed to control other companies, usu. confining its role to owning stock and supervising management.
holding company.
See COMPANY.
personal holding company
See COMPANY.
personal holding company.
A holding company that is subject to special taxes and that usu. has a limited number of shareholders, with most of its revenue originating from passive income such as dividends, interest, rent, and royalties.