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Companies Act 2006

Companies Act 2006 s 252

s 252 Persons connected with a director

(1) This section defines what is meant by references in this Part to a person being “connected” with a director of a company (or a director being “connected” with a person). (2) The following persons (and only those persons) are connected with a director of a company— (a) members of the director's family (see section 253); (b) a body corporate with which the director is connected (as defined in section 254); (c) a person acting in his capacity as trustee of a trust— (i) the beneficiaries of which include the director or a person who by virtue of paragraph (a) or (b) is connected with him, or (ii) the terms of which confer a power on the trustees that may be exercised for the benefit of the director or any such person, other than a trust for the purposes of an employees' share scheme or a pension scheme; (d) a person acting in his capacity as partner— (i) of the director, or (ii) of a person who, by virtue of paragraph (a), (b) or (c), is connected with that director; (e) a firm that is a legal person under the law by which it is governed and in which— (i) the director is a partner, (ii) a partner is a person who, by virtue of paragraph (a), (b) or (c) is connected with the director, or (iii) a partner is a firm in which the director is a partner or in which there is a partner who, by virtue of paragraph (a), (b) or (c), is connected with the director. (3) References in this Part to a person connected with a director of a company do not include a person who is himself a director of the company.

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