Company under alien control

For the purposes of this section and sections 49 to 56, a company shall be deemed to be under alien control if– (a) one-half or more of its directors or shareholders are aliens; or (b) one-half or more of the votes exercisable at any meeting of the company are held by or for and on behalf of an alien; or (c) one-half or more of the issued share capital is held by or for and on behalf of an alien. 27