1 This Part of this Schedule specifies the conditions at least one of which must be met by an individual ("X") in relation to a company ("company Y") in order for the individual to be a person with "significant control" over the company.
2 The first condition is that X holds, directly or indirectly, more than 25% of the shares in company Y.
3 The second condition is that X holds, directly or indirectly, more than 25% of the voting rights in company Y.
Ownership of right to appoint or remove directors
4 The third condition is that X holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of company Y.
Significant influence or control
5 The fourth condition is that X has the right to exercise, or actually exercises, significant influence or control over company Y.
6 The fifth condition is that -
(a) the trustees of a trust or the members of a firm
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