SCHEDULE 17DUAL RESIDENT INVESTING COMPANIES
PART II EARLY PAYMENTS OF INTEREST ETC. AND CHARGES ON INCOME
Appeals
7
Notice of the giving of a direction under paragraph 5 or 6 above shall be given to the dual resident investing company concerned; and any company to which such a notice is given may, by giving notice of appeal to the Board within 60 days of the date of the notice given to the company, appeal F1. . . against the direction on either or both of the following grounds—
(a)
that the conditions applicable to the company under paragraph 5(2) or (3) above are not fulfilled or, as the case may be, that neither of the conditions in paragraph 6(1) above is fulfilled;
(b)
that the sole or main benefit that might be expected to accrue from the early payment or, as the case may be, the arrangements was not that stated in paragraph 5(4) or, as the case may be, paragraph 6(2) above.