Document ID: chunk:federal_register_of_legislation:C2004A02490:body:0:p39
Version: federal_register_of_legislation:C2004A02490
Segment Type: other
Provision Reference: 
Character Range: 95718–98294

50% of the maximum number of votes that could be cast on a poll at, or arising out of, a general meeting of the company, whether as regards all questions that could be submitted to such a poll or as regards one or more only of those questions;
     (b) the person holds, or persons hold, shareholding interests in the company, being shareholding interests in respect of shares of a kind carrying voting rights on all questions at general meetings of the company, exceeding in amount 50% of the total of the amounts paid on all shares in the company of a kind carrying such voting rights; or
     (c) the person holds, or persons hold, shareholding interests in the company exceeding in amount 50% of the total of the amounts paid on all shares in the company.

"(5) For the purposes of this section, where a person is, or persons are, by virtue of sub-section (4), deemed to control a company (including a person or persons deemed to control a company by virtue of another application or other applications of this sub-section) and the company is in a position to exercise control of any votes in respect of, or holds a shareholding interest in, another company, the person or persons shall be deemed to be in a position to exercise control of those votes or to hold that shareholding interest, as the case may be.
"(6) For the purposes of this section, 2 or more persons shall be taken to be in a position to exercise control of any votes in respect of, or to hold shareholding interests in, a company notwithstanding that they are not acting in concert or otherwise associated.".

Changes in ownership of shares, &c.
35. Section 92f of the Principal Act is amended by omitting sub-sections (2) to (7) (inclusive) and substituting the following sub-sections:
"(2) Except in so far as the contrary intention appears, in the succeeding provisions of this section—
     (a) a reference to a transaction shall be read as a reference to a transaction in relation to which this section applies to a person; and
     (b) a reference to a prescribed party, in relation to a transaction, shall be read as a reference to a person to whom this section applies in relation to the transaction, being a person who is a party to the transaction or, in the case of a proposed transaction, would be a party to the transaction if the transaction were in effect.
"(3) Where a transaction is proposed, the prescribed party to the transaction or, where there are 2 or more prescribed parties to the transaction, each prescribed party, may—
     (a) give the Tribunal a notice in writing, stating—