The general requirements are met in respect of the relevant shares if the requirements of this Chapter are met as to—
(a)the shares (see section 173),
[F1(aa)the maximum amount raised annually through risk capital schemes (see section 173A),]
[F2(ab)the spending of money raised by SEIS investments (see section 173B),]
(b)the purpose of the issue (see section 174),
(c)the use of the money raised (see section 175),
(d)the minimum period (see section 176),
(e)no pre-arranged exits (see section 177), and
(f)no tax avoidance (see section 178)[F3, and
(g)no disqualifying arrangements (see section 178A)].
Textual Amendments
F1S. 172(aa) inserted (19.7.2007) by Finance Act 2007 (c. 11), Sch. 16 para. 5(2) (with Sch. 16 para. 5(5)(6))
F2S. 172(ab) inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 11
F3S. 172(g) and preceding word inserted (17.7.2012) (with effect in accordance with Sch. 7 para. 22 of the amending Act) by Finance Act 2012 (c. 14), Sch. 7 para. 5