Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p24
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 59949–62558

to be or become subject to a section 562a notice if, and only if, the person is or becomes, as the case may be, by virtue of a notice served on the person under sub-section 562a (3) or under a provision of a law of a participating State or participating Territory that corresponds with that sub-section, prohibited, without the leave of the Court, from being a director or promoter of, or from being in any way (whether directly or indirectly) concerned in or taking part in the management of, a corporation, and a reference in this Act to a section 562a notice is a reference to a notice so served.".

Affairs of a corporation
31. Section 6 of the Principal Act is amended by omitting "or 15" and substituting ", 15 or 16a".

Relevant interests in shares
32. (1) Section 8 of the Principal Act is amended—
     (a) by omitting sub-sections (4) and (5) and substituting the following sub-sections:
    "(4) Without limiting the generality of sub-sections (1), (2) and (3), where a body corporate has, or is by virtue of this section to be deemed to have, power—
         (a) to exercise, or to control the exercise of, the right to vote attached to a voting share; or

         (b) to dispose of, or to exercise control over the disposal of, a share,
     and—
         (c) the body corporate is, or its directors are, accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of a person in relation to the exercise of the power; or
         (d) a person has a controlling interest in the body corporate,
     that person shall, for the purposes of this section, be deemed to have the same power in relation to that share as the body corporate has or is to be deemed to have.
    "(5) Where a body corporate has, or is by virtue of this section (other than this sub-section) to be deemed to have, power—
         (a) to exercise, or to control the exercise of, the right to vote attached to a voting share; or
         (b) to dispose of, or to exercise control over the disposal of, a share,
     a person (in this sub-section referred to as the 'relevant person') shall, for the purposes of this section, be deemed to have the same power in relation to that share as the body corporate has, or is to be deemed to have, if—
         (c) the relevant person has;
         (d) a person associated with the relevant person has;
         (e) persons associated with the relevant person together have; or
         (f) the relevant person and a person or persons associated with the relevant person together have,
     the power to exercise, or