48What is a *controlling interest* in a corporation?

48 What is a *controlling interest* in a corporation? For the purposes of this Division, a person has, or persons have together, a ***controlling interest*** in a corporation if— (a) that person, or those persons acting together, can control the composition of the board of the corporation; or (b) that person is, or those persons acting together are, in a position to cast or control the casting of more than 50% of the maximum number of votes that might be cast at a general meeting of the corporation; or (c) that person holds, or those persons acting together hold, more than 50% of the issued share capital of the corporation.