Part 10Close companies
Chapter 4Power to obtain information
465Power to obtain information
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2
Subsections (3) and (4) apply if a company (“the issuing company”) appears to an officer of Revenue and Customs to be a close company.
3
The officer may, for the purposes of Chapter 3, by notice require the issuing company to provide the officer with—
a
particulars of any bearer securities issued by the company,
b
the names and addresses of the persons to whom the securities were issued, and
c
details of the amounts issued to each person.
4
The officer may, for the purposes of Chapter 3, by notice require—
a
any person to whom bearer securities were issued by the company, or
b
any person to or through whom bearer securities issued by the company were subsequently sold or transferred,
to provide any further information that the officer reasonably requires with a view to enabling the officer to find out the names and addresses of the persons beneficially interested in the securities.
5
In this section “securities” includes—
a
shares, stocks, bonds, debentures and debenture stock, and
b
any promissory note or other instrument evidencing indebtedness to a loan creditor of the company.