C1F1PART 5ASeed enterprise investment scheme

Annotations:
Amendments (Textual)
F1

Pt. 5A 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. 1

Modifications etc. (not altering text)

CHAPTER 4The issuing company

Introduction

257DOverview of Chapter

The issuing company is a qualifying company in relation to the relevant shares if the requirements of this Chapter are met as to—

a

trading (see section 257DA),

b

the issuing company's carrying on of the qualifying business activity (see section 257DC),

c

UK permanent establishment (see section 257DD),

d

financial health (see section 257DE),

e

unquoted status (see section 257DF),

f

control and independence (see 257DG),

g

no partnerships (see section 257DH),

h

gross assets (see section 257DI),

i

number of employees (see section 257DJ),

j

no previous other risk capital scheme investments (see section 257DK),

k

the amount raised through the SEIS (see section 257DL),

l

qualifying subsidiaries (see section 257DM), and

m

property managing subsidiaries (see section 257DN).