Connected Persons

A connected person is defined in Section 26 of the Companies Act 1990. In general, a person is connected with a director of a company if he/she is a near relative, being related by blood or marriage, is in business partnership with the company director or if he/she acts as trustee for a trust the principal beneficiaries of which are the director, near relatives including spouse of the director or any body corporate which the director has a controlling interest.

A body corporate is also deemed to be connected with a director if it is controlled by that director. Furthermore, it is presumed that the sole member of a single member company is connected with a director of that company.