5. Meaning of “voting power”

For the purposes of Part IVA of the Act and these Regulations, a reference therein to control of a percentage of the voting power in a corporation shall be a reference to control that is direct or indirect, including control that is exercisable as a result of or by means of arrangements or practices —

whether or not having legal or equitable force; and

whether or not based on legal or equitable rights,of that percentage of the total number of votes that may be cast in a general meeting of the corporation.

Where a corporation is limited both by shares and by guarantee or does not have a share capital, this regulation shall have effect as if the members or policy holders of the corporation were shareholders in the corporation.

For the purposes of Part IVA of the Act and these Regulations, a reference therein to control of a percentage of the voting power in a corporation shall be a reference to control that is direct or indirect, including control that is exercisable as a result of or by means of arrangements or practices —

whether or not having legal or equitable force; and

whether or not based on legal or equitable rights,of that percentage of the total number of votes that may be cast in a general meeting of the corporation.

Where a corporation is limited both by shares and by guarantee or does not have a share capital, this regulation shall have effect as if the members or policy holders of the corporation were shareholders in the corporation.