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A Holding company is a company that owns assets but does not have any operations or active business itself. The company could be a limited liability company or a limited partnership company. The type of assets held by the company are mainly shares in other companies.
On the 16th June 2020 the Government issued new regulations under the Companies Act entitled the Companies Act (Shipping and Aviation Cell Companies) Regulations. These regulations aim to create a new structure to be used by companies operating in the shipping and aviation business, by means of cell companies.
A director is empowered by law to oversee all aspects of the day-to-day running of the company and to exercise all powers that do not specifically require a shareholders' resolution at a general meeting in accordance with the articles of association or the Companies Act.
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