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Companies Act 1985

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Changes over time for: Paragraph 4

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Version Superseded: 01/10/2007

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Point in time view as at 15/07/1992. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Paragraph 4. Help about Changes to Legislation

4A person is taken to be interested in shares or debentures if a body corporate is interested in them and—

(a)that body corporate or its directors are accustomed to act in accordance with his directions or instructions, or

(b)he is entitled to exercise or control the exercise of one-third or more of the voting power at general meetings of that body corporate.

As this paragraph applies for the purposes of section 346(4) and (5), “more than one-half” is substituted for “one-third or more”.

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