CONDITIONS AS TO INTERESTS IN SHARES AND DEBENTURES OF EXEMPT PRIVATE COMPANY.

HL Deb 25 March 1947 vol 146 c782

Basic conditions.

1. The basic conditions as to the shares or debentures of the company whose exemption is in question are—

1. (a) that no body corporate is the holder of any of the shares or debentures; and
2. (b) that no person other than the holder has any interest in any of the shares or debentures;

but these conditions arc subject to the exceptions provided for by the following paragraphs of this Schedule.