sec.74CWho are associated persons

### sec.74C Who are associated persons Persons are associated persons if they are any of the following— related persons; individuals who are partners in a partnership; private companies in which common shareholders have a majority interest; trustees of trusts, other than public unit trust schemes, of which there is a common beneficiary; a private company and a trustee of a trust, other than a public unit trust scheme, if a related body corporate of the company is a beneficiary of the trust. s 74C ins 2008 No. 16 s 15 - (a) related persons; - (b) individuals who are partners in a partnership; - (c) private companies in which common shareholders have a majority interest; - (d) trustees of trusts, other than public unit trust schemes, of which there is a common beneficiary; - (e) a private company and a trustee of a trust, other than a public unit trust scheme, if a related body corporate of the company is a beneficiary of the trust.