what is a group company
Definition. A group of companies is an economic entity formed of a set of companies which are either companies controlled by the same company, or the controlling company itself.Controlling a company means having the power to appoint the majority of its directors.e define: - the restricted contour, or core, of the group as all the companies more than 50% owned, directly or indirectly, by a parent company heading the group; the parent company is not more than 50% owned either directly or indirectly by another company. In this definition, groups form pairwise disjoint sets;