# Companies Act 1985, Paragraph 6

Extent: E+W+S

(1) A person is taken to have an interest in shares or debentures if, otherwise than by virtue of having an interest under a trust—
(a) he has a right to call for delivery of the shares or debentures to himself or to his order, or
(b) he has a right to acquire an interest in shares or debentures or is under an obligation to take an interest in shares or debentures;
whether in any case the right or obligation is conditional or absolute.
(2) Rights or obligations to subscribe for shares or debentures are not to be taken, for purposes of sub-paragraph (1), to be rights to acquire, or obligations to take, an interest in shares or debentures.
This is without prejudice to paragraph 1.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/13/paragraph/6 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-13/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.