SCHEDULES
F1SCHEDULE 2
4
1
For the purposes of paragraph 1(g) any such connected person as is there mentioned has a substantial interest in a body corporate if the person or institution in question—
a
is interested in shares comprised in the equity share capital of that body of a nominal value of more than one-fifth of that share capital, or
b
is entitled to exercise, or control the exercise of, more than one-fifth of the voting power at any general meeting of that body.
2
The rules set out in Part I of Schedule 13 to the M1Companies Act 1985 (rules for interpretation of certain provisions of that Act) shall apply for the purposes of sub-paragraph (1) above as they apply for the purposes of section 346(4) of that Act (“connected persons” etc).
3
In this paragraph “equity share capital” and “share” have the same meaning as in that Act.
Sch. 2 repealed (1.8.1993) by 1993 c. 10, s. 98(2), Sch.7