# Companies Act 2006, Paragraph 14


(1) A reference to the voting rights in a legal entity is to the rights conferred on shareholders in respect of their shares (or, in the case of an entity not having a share capital, on members) to vote at general meetings of the entity on all or substantially all matters.
(2) In relation to a legal entity that does not have general meetings at which matters are decided by the exercise of voting rights—
(a) a reference to exercising voting rights in the entity is to be read as a reference to exercising rights in relation to the entity that are equivalent to those of a person entitled to exercise voting rights in a company;
(b) a reference to exercising more than 25% of the voting rights in the entity is to be read as a reference to exercising the right under the constitution of the entity to block changes to the overall policy of the entity or to the terms of its constitution.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/schedule/1A/paragraph/14 (the official version)
Page: https://openlegislation.uk/companies-act-2006/schedule-1A/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.