VCM20520 - EIS: general): company invested in: meaning of 'control' in independence rule

ICTA/S293 (8); ITA/S185 (2)

For the purpose of VCM20510, the meaning of 'control' is as follows:

• For the purpose of determining whether a company is under the control of another company on or after 21 March 2000, 'control' has the meaning given to it by ITA/S995. Note that this definition is not merely in terms of direct shareholdings and voting rights in the company concerned; shareholdings and voting rights in any company, and powers conferred by the documents regulating any company, can be taken into account.