Section 18K | Power to obtain information ^F1

(1)This section applies if a company (“the issuing company”) appears to an officer of Revenue and Customs to be a close company.^F1

(2)The officer may, for the purposes of this Part, by notice require the issuing company to provide the officer with—^F1

(a)particulars of any bearer securities issued by the company,^F1

(b)the names and addresses of the persons to whom the securities were issued, and^F1

(c)details of the amounts issued to each person.^F1

(3)The officer may, for the purposes of this Part, by notice require—^F1

(a)any person to whom bearer securities were issued by the company, or^F1

(b)any person to or through whom bearer securities issued by the company were subsequently sold or transferred,^F1

to provide any further information that the officer reasonably requires with a view to enabling the officer to find out the names and addresses of the persons beneficially interested in the securities.

(4)In this section—^F1

“loan creditor” has the meaning given by section 453, and

“securities” includes—

(a)shares, stocks, bonds, debentures and debenture stock, and

(b)any promissory note or other instrument evidencing indebtedness to a loan creditor of the company.