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A subsidiary company is one of the following: (1) a company in which the majority of its voting rights are held by a holding company; (2) where another company is a member of the subsidiary company and has the right to appoint or remove a majority of the board of directors of the subsidiary company; (3) where another company is a member of the subsidiary company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in the subsidiary company; (4) where it is a subsidiary to another subsidiary company as defined by (1), (2) or (3). Rights are to be treated as held by a company if they are held by any of its subsidiary companies. It is important to note that nothing in the provisions relating to rights held by one person as nominee for another or in the provisions relating to rights attached to shares held by way of security is to be interpreted as