Session 2010 - 12
Internet Publications
Other Bills before Parliament
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| | (a) | sub-paragraphs (1) and (3) apply in relation to that group as if the |
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| | references in those sub-paragraphs to the passing of this Act were |
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| | references to 1 April 2011, and |
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| | (b) | sub-paragraph (2) applies in relation to any disposal of shares by a |
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| | member of that group as if the reference in that sub-paragraph to the |
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| | passing of this Act were a reference to 1 April 2011. |
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| | (5) | An early commencement election in relation to a group means an election |
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| | made for the purposes of this paragraph by the principal company of the group. |
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| | (6) | If a company ceases to be a member of a group in the period which begins with |
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| | 1 April 2011 and ends with the passing of this Act, an early commencement |
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| | election may be made or revoked in relation to the group only with the consent |
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| | of that company contained in a notice which accompanies the election or |
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| | (7) | Where an early commencement election is revoked, the election is treated as |
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| | (8) | An early commencement election may not be made or revoked after 31 March |
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| | 2012 (and paragraph 3(1)(b) of Schedule 1A to the Management Act |
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| | (amendment of elections etc) does not apply in relation to an early |
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