[257MD The unquoted status requirement]
Income Tax Act 2007 (2007 c 3) | Legislation

[257MD  The unquoted status requirement]

[(1)     At the beginning of the shorter applicable period—

(a)     the social enterprise must not be a quoted company,

(b)     there must be no arrangements in existence for the social enterprise to become a quoted company, and

(c)     there must be no arrangements in existence for the social enterprise to become a subsidiary of a company (“the new company”) by virtue of an exchange of shares, or shares and securities, if arrangements have been

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