Part 23Company distributions
Chapter 5Demergers
Advance clearance
1093Requirements relating to applications for clearance
1
Any application under section 1091 or 1092—
a
must be in writing, and
b
must contain particulars of the relevant transactions.
2
The Commissioners may by notice require a person making an application under section 1091 or 1092 to provide further particulars for the purpose of enabling them to make their decision.
3
The power under subsection (2) must be exercised within 30 days of the receipt of—
a
the application, or
b
any further particulars previously required under subsection (2).
4
If a notice under subsection (2) is not complied with within 30 days, or any longer period that the Commissioners may allow, the Commissioners need not proceed further on the application.