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Section 930 | No allotment of shares to transferor company or its nominee (division)

From legislation.gov.uk

The scheme must not provide for any shares in a transferee company to be allotted to—F1

(a)the transferor company (or its nominee) in respect of shares in the transferor company held by the transferor company itself (or its nominee); orF1

(b)a transferee company (or its nominee) in respect of shares in the transferor company held by the transferee company (or its nominee).F1