Part XXVI Interpretation
743“Employees’ share scheme”. C1
For purposes of this Act, an employees’ share scheme is a scheme for encouraging or facilitating the holding of shares or debentures in a company by or for the benefit of—
a
the bona fide employees or former employees of the company, the company’s subsidiary or holding company or a subsidiary of the company’s holding company, or
b
the wives, husbands, widows, widowers or children or step-children under the age of 18 of such employees or former employees.