Section 252

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). The following persons (and only those persons) are connected with a director of a company— members of the director's family (see section 253); a body corporate with which the director is connected (as defined in section 254); a person acting in his capacity as trustee of a trust— other than a trust for the purposes of an employees' share scheme or a pension scheme; the beneficiaries of which include the director or a person who by virtue of paragraph (a) or (b) is connected with him, or the terms of which confer a power on the trustees that may be exercised for the benefit of the director or any such person, a person acting in his capacity as partner— of the director, or of a person who, by virtue of paragraph (a), (b) or (c), is connected with that director; a firm that is a legal person under the law by which it is governed and in which— the director is a partner, a partner is a person who, by virtue of paragraph (a), (b) or (c) is connected with the director, or 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. 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.

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Source: legislation.gov.uk · retrieved 2026-09-04