C3Part 10A company's directors
Chapter 9Supplementary provisions
Other definitions
C1C2C4252Persons connected with a director
1
This section defines what is meant by references in this Part to a person being “connected” with a director of a company (or a director being “connected” with a person).
2
The following persons (and only those persons) are connected with a director of a company—
a
members of the director's family (see section 253);
b
a body corporate with which the director is connected (as defined in section 254);
c
a person acting in his capacity as trustee of a trust—
i
the beneficiaries of which include the director or a person who by virtue of paragraph (a) or (b) is connected with him, or
ii
the terms of which confer a power on the trustees that may be exercised for the benefit of the director or any such person,
other than a trust for the purposes of an employees' share scheme or a pension scheme;
d
a person acting in his capacity as partner—
i
of the director, or
ii
of a person who, by virtue of paragraph (a), (b) or (c), is connected with that director;
e
a firm that is a legal person under the law by which it is governed and in which—
i
the director is a partner,
ii
a partner is a person who, by virtue of paragraph (a), (b) or (c) is connected with the director, or
iii
a partner is a firm in which the director is a partner or in which there is a partner who, by virtue of paragraph (a), (b) or (c), is connected with the director.
3
References in this Part to a person connected with a director of a company do not include a person who is himself a director of the company.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2