(1)In this Act “control” is used in the sense given in this section.
(2)In relation to a body corporate (“company A”), “control” means the power of a person (“P”) to secure—
(a)by means of the holding of shares or the possession of voting power in relation to that or any other body corporate, or
(b)as a result of any powers conferred by the articles of association or other document regulating that or any other body corporate,
that the affairs of company A are conducted in accordance with P’s wishes.
(3)In relation to a partnership, “control” means the right to a share of more than half of the assets, or of more than one half of the income, of the partnership.