SCHEDULES
SCHEDULE 20Corporate venturing scheme
8
In paragraph 24 (ceasing to meet trading requirements by reason of administration, receivership etc)—
(a)
in sub-paragraph (1)—
(i)
omit “which is in administration or receivership”,
(ii)
after “by reason” insert “
only
”
,
(b)
in sub-paragraph (2)(b), after “company” insert “
concerned
”
,
(c)
in sub-paragraph (4)—
(i)
in paragraph (a), for “of the company or any of its subsidiaries” substitute “
only of the company or any of its qualifying subsidiaries
”
,
(ii)
in paragraph (b), for “and not” substitute “
and is not
”
.