SCHEDULES
C1C2SCHEDULE 1Connected persons: references to an interest in shares or debentures
Sch. 1 applied (E.W.) (14.3.2012) by Charities Act 2011 (c. 25), ss. 352(2), 355 (with s. 20(2), Sch. 8)
Right to exercise or control exercise of rights
4
1
A person is taken to have an interest in shares if, not being the registered holder, he is entitled—
a
to exercise any right conferred by the holding of the shares, or
b
to control the exercise of any such right.
2
For this purpose a person is taken to be entitled to exercise or control the exercise of a right conferred by the holding of shares if he—
a
has a right (whether subject to conditions or not) the exercise of which would make him so entitled, or
b
is under an obligation (whether or not so subject) the fulfilment of which would make him so entitled.
3
A person is not by virtue of this paragraph taken to be interested in shares by reason only that—
a
he has been appointed a proxy to exercise any of the rights attached to the shares, or
b
he has been appointed by a body corporate to act as its representative at any meeting of a company or of any class of its members.
Sch. 1 applied (N.I.) (18.2.2011 for certain purposes, otherwise prosp.) by Charities Act (Northern Ireland) 2008 (c. 12), ss. 57(2), 185, Sch. 5 para. 4(2); S.R. 2011/11, art. 2, Sch.