171Persons subscribing for shares under certain arrangementsU.K.
This section has no associated Explanatory Notes
(1)This section applies if an individual (“A”) subscribes for shares in a company (“the company”) with which A is not connected under section 167 or 170.
(2)If—
(a)A subscribes for the shares as part of an arrangement, and
(b)the arrangement provides for another person to subscribe for shares in another company with which (assuming it to be the issuing company) A, or any other individual who is a party to the arrangement, is connected,
A is connected with the company under this section.