of total number of shares with voting right of such company; (c) a company whose shares are held by other companies in all downward levels of shareholding, beginning with the company whose shares are

held by other companies in all downward levels of shareholding, beginning with the company whose shares are held by the company under (b) and shareholding in each level exceeds fifty percent of the total

beneficiary to the total future income; the management company shall show that an analysis has been done on each class of unitholders’ stake in comparison to the creditor or other parties’ rights in that future