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of <h1>Understanding 'Associate Company' Under Companies Act, 2013: Significant Influence and Joint Ventures Explained</h1> An 'Associate Company' under the Companies Act, 2013, is defined as a company in which another company has significant influence but is not a subsidiary. Significant influence refers to control of at least 20% of total voting power or participation in business decisions through an agreement. The term also includes joint ventures, where parties with joint control have rights to the net assets of the arrangement.
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