Introduction
1 The provisions of this Part of this Schedule explain expressions used in section 1159 (meaning of "subsidiary" etc) and otherwise supplement that section.
Voting rights in a company
2 In section 1159(1)(a) and (c) the references to the voting rights in a company are to the rights conferred on shareholders in respect of their shares or, in the case of a company not having a share capital, on members, to vote at general meetings of the company on all, or substantially all, matters.
Right to appoint or remove a majority of the directors
(1) In section 1159(1)(b) the reference to the right to appoint or remove a majority of the board of directors is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all, or substantially all, matters.
(2) A company shall be treated as having the right to appoint to a directorship if -
(a) a person's appointment to it follows necessarily from his appointment as di
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