Part I Amendment of Part II of M1Landlord and Tenant Act 1954
Termination of tenancy and right to new tenancy
6 Business carried on by company controlled by landlord. X1
At the end of section 30 of the Act of 1954 there shall be added the following subsection:—
3
Where the landlord has a controlling interest in a company any business to be carried on by the company shall be treated for the purposes of subsection (1)(g) of this section as a business to be carried on by him.
For the purposes of this subsection, a person has a controlling interest in a company if and only if either—
a
he is a member of it and able, without the consent of any other person, to appoint or remove the holders of at least a majority of the directorships ; or
b
he holds more than one-half of its equity share capital, there being disregarded any shares held by him in a fiduciary capacity or as nominee for another person ;
and in this subsection “company” and “share” have the meanings assigned to them by section 455(1) of the Companies Act 1948 and “equity share capital” the meaning assigned to it by section 154(5) of that Act.
1954 c. 56.