Paragraph 3A F1

(1)

A body is to be treated for the purposes of section 13(9) as having the right to appoint to a directorship if—

(a)

a person’s appointment to the directorship follows necessarily from his appointment as an officer of that body; or

(b)

the directorship is held by the body itself.

(2)

A body (“B”) and some other person (“P”) together are to be treated, for the purposes of section 13(9), as having the right to appoint to a directorship if—

(a)

P is a body corporate which has directors and a person’s appointment to the directorship follows necessarily from his appointment both as an officer of B and a director of P;

(b)

P is a body corporate which does not have directors and a person’s appointment to the directorship follows necessarily from his appointment both as an officer of B and as a member of P’s managing body; or

(c)

the directorship is held jointly by B and P.

(3)

For the purposes of section 13(9), a right to appoint (or remove) which is exercisable only with the consent or agreement of another person must be left out of account unless no other person has a right to appoint (or remove) in relation to that directorship.

(4)

Nothing in this paragraph is to be read as restricting the effect of section 13(9).

Annotations

Textual amendments

F1: Sch. 8 para. 3A inserted (1.12.2001) by 2000 c. 8, ss. 334, 336, 338, Sch. 18 para. 14(3); S.I. 2001/3538, art. 2(1)