Section 255(2)

A director of a company is taken to control a body corporate if, but only if— he or any person connected with him— is interested in any part of the equity share capital of that body, or is entitled to exercise or control the exercise of any part of the voting power at any general meeting of that body, and he, the persons connected with him and the other directors of that company, together— are interested in more than 50% of that share capital, or are entitled to exercise or control the exercise of more than 50% of that voting power.

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