C1Part 22Information about interests in a company's shares
Meaning of interest in shares
I1823Interest in shares: corporate interests
1
For the purposes of this Part a person is taken to be interested in shares if a body corporate is interested in them and—
a
the body 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 the body.
2
For the purposes of this section a person is treated as entitled to exercise or control the exercise of voting power if—
a
another body corporate is entitled to exercise or control the exercise of that voting power, and
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.
3
For the purposes of this section a person is treated as entitled to exercise or control the exercise of voting power if—
a
he has a right (whether or not subject to conditions) the exercise of which would make him so entitled, or
b
he is under an obligation (whether or not subject to conditions) the fulfilment of which would make him so entitled.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2