Finance Act, 1996
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Amendment of section 12 (the relief) of Finance Act, 1984. |
17.— Section 12 of the Finance Act, 1984 , is hereby amended— | |
(a) as respects a subscription for eligible shares issued on or after the 2nd day of June, 1995, by the substitution in paragraph (iii) (inserted by the Finance Act, 1995 ) of the proviso to paragraph (c) of subsection (1), of “subsection (2C)” for “subsection (3C)”, | ||
(b) by the insertion of the following paragraphs after paragraph (iv) of the proviso to paragraph (c) of subsection (1)— | ||
“(v) for the purposes of qualifying trading operations such as are referred to in subparagraph (iiie) (inserted by the Finance Act, 1996) of paragraph (a) of subsection (2) of section 16, the aforementioned evidence shall include the certificate referred to in subsection (2D) (as so inserted) of the said section, and | ||
(vi) for the purposes of qualifying trading operations such as are referred to in subparagraph (iib) (inserted by the Finance Act, 1996) of paragraph (a) of subsection (2) of section 16 and in respect of which money is raised or intended to be raised under the provisions of this Chapter by virtue of clause (II) of the aforesaid subparagraph (iib), the aforementioned evidence shall include the certificate referred to in subsection (2E) (as so inserted) of the said section.”, | ||
(c) in subsection (11) (inserted by the Finance Act, 1993 )— | ||
(i) by the substitution of “the 5th day of April, 1999” for “the 5th day of April, 1996”, and | ||
(ii) by the deletion of the proviso thereto. |