468. Meaning of 'control'.

A person is treated1 as having control2 of a company3 if he exercises, or is able to exercise or is entitled to acquire4, direct or indirect control over the company's affairs5, and in particular, if he possesses or is entitled to acquire:

  1.  

    (1)     the greater part of the share capital or issued share capital of the company or of the voting power in the company6;

  2.  

    (2)     so much of the issued share capital of the company as would, on the assumption that the whole of the income of the company were distributed among the participators