SCHEDULES
SCHEDULE 28B Venture Capital Trusts: Meaning of “qualifying holdings”
Requirements as to the subsidiaries etc. of the relevant company
C19
1
The requirements of this paragraph are that F1. . . the relevant company must not be—
a
a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
b
a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
2
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .