Paragraph 1 Definition of connected person

For the purposes of this Schedule a person is considered to be connected with —

(a)

any individual who employs him or is his employee;

(b)

any person who is in partnership with him;

(c)

any company of which he is a director or other officer and any company connected with that company;

(d)

in the case of a company—

(i)

any person who is a director or other officer of that company;

(ii)

any subsidiary or holding company both as defined in section 736 of the Companies Act 1985^f1, of that company and any person who is a director or other officer or an employee of any such subsidiary or holding company; and

(iii)

any company of which the same person or persons have control; and

(e)

in the case of a trustee of a trust, a beneficiary of the trust and any person to whom the terms of the trust confer a power that may be exercised for that person’s benefit.

Annotations

Footnotes

f1: 1985 c. 6; section 736 was substituted by the Companies Act 1989 (c40), section 144(1).