Section 14 Ownership of companiesI1

This section applies for the purposes of this Part.

References to ownership of a company are to ownership of its issued share capital.

References to ownership of a company include indirect ownership of it.

References to the reduction of the proportion of a company owned by the Crown include a reduction to nil.

For the purposes of determining the proportion of any company owned by the Crown, property and rights of the Secretary of State or the Treasury (or a nominee of either of them) are to be regarded as property and rights of the Crown.