1016 Conditions relating to shares acquired
Corporation Tax Act 2009 (2009 c 4) | Legislation

1016  Conditions relating to shares acquired

(1)     Each of the following conditions must be met in relation to the shares acquired.

Condition 1
The shares are ordinary shares that are fully paid-up and not redeemable.

Condition 2
The shares are—

(a)     shares of a class listed on a recognised stock exchange,

(b)     shares in a company that is not under the control of another company, . . .

(c)     shares in a company that is under the control of a listed company[, or

(d)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Title guarantee and covenants for title

On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.

LEXISNEXIS

Directors’ remuneration

Directors’ remunerationCompany directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their

LEXISNEXIS

Recklessness in criminal cases

Recklessness in criminal casesWhat is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further