SCHEDULES

SCHEDULE 7Transitionals and savings

Part 7Employment income: income related to securities

Enterprise management incentives

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(1)

Section 537 (alteration of share capital for purposes of section 536) has effect in relation to any alteration made to the share capital of a company before 11th May 2001 with the following modifications.

(2)

In subsection (1), omit “and (c)”.

(3)

In subsection (2), substitute “ This section ” for “This subsection”.

(4)

Omit subsection (3).