Controlling Director definition

Controlling Director means a Member who, at any time on or after 17 March 1987 and in the last 10 years before the Relevant Date has, in relation to the Employer, been both within the definition of a director in section 612(1) of the Act and within paragraph (b) of section 417(5) of that Act.

Controlling Director means a Director to whom paragraph (b) of section 452 of the Corporation Tax Act 2010 applies. This is broadly a director who directly or indirectly controls 20% of the ordinary share capital.

Controlling Director. , in relation to a company, means a director of the company who has control of it (construing control in accordance with section 416 of the Taxes Act);

Examples of Controlling Director in a sentence

• The preceding provisions of this Rule shall be modified in their application to a Member who is or has been a Special Director or Controlling Director as follows.

• Siderúrgica Nacional - Controllership and IT Director (1996 to 2003); (iii) Embratel S.A. - Controlling Director and Corporate Governance Executive Director (2003 to 2008); and (iv) Icatu Seguros S.A. - Executive Director of Customer Services (2008 to 2011).

• Any benefit which becomes payable on the death in Service on or after the 75th birthday of a Controlling Director as defined in Sub-rule 55(A) (Guide to Inland Revenue limitations) whose pension under the Plan had not commenced to be paid shall be held by the Trustees on trust to pay the same as soon as practicable to his personal representatives.

• Where a Controlling Director remains in Pensionable Service after age 74 any lump sum benefit paid under the provisions of this rule will be paid to his spouse or (if he leaves no spouse) to his personal representatives.

• Where a Postponed Pensioner who is a Controlling Director remains in Service on or after his 75th birthday, any lump sum payable on his death on or after his 75th birthday, with the exception of any lump sum payable under rule 64.2(a) where his pension is already in payment, shall not be subject to rule 25 but shall be paid to the Controlling Director's surviving spouse or, in the absence of any surviving spouse to his legal personal representatives.

More Definitions of Controlling Director

Controlling Director. , in relation to a company, means a director of the company who has control of it (construing control in accordance with sections 450 and 451 of the Corporation Tax Act 2010 (c.4)).

Controlling Director. , in relation to a company, means a director of the company who has control of it;

Controlling Director means a Member who, at any time on or after 17 March 1987 and in the last 10 years before his Scheme Exit Date has, in relation to his Employer, been both within the definition of a director in section 612(1) of the Taxes Act and within paragraph (b) of section 417(5) of the Taxes Act;

Controlling Director means a director to whom paragraph (b) of section 417(5) of the Income and Corporation Taxes Act 1988 applies;

Controlling Director. (in relation to a company) means a director of the company who has control of the company in accordance with sections 450 & 451 of the Corporation Tax Act 2010.

Controlling Director means a director within the meaning of section 612(1) of the Taxes Act who falls within the provisions of subsection (5)(b) of section 417 of that Act (read with subsections (3), (4) and (6) of that section(4));

Controlling Director. , in relation to a company, means a director of the company who has control of it (applying section 210 for the purposes of this definition).