SCHEDULES

C1C2SCHEDULE 1Connected persons: references to an interest in shares or debentures

Annotations:
Modifications etc. (not altering text)
C1

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.

C2

Sch. 1 applied (E.W.) (14.3.2012) by Charities Act 2011 (c. 25), ss. 352(2), 355 (with s. 20(2), Sch. 8)

General provisions

2

1

A reference to an interest in shares includes any interest of any kind whatsoever in shares.

2

Any restraints or restrictions to which the exercise of any right attached to the interest is or may be subject shall be disregarded.

3

It is immaterial that the shares in which a person has an interest are not identifiable.

4

Persons having a joint interest in shares are deemed each of them to have that interest.