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The Venture Capital Trust Regulations 1995
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- UK Statutory Instruments
- 1995 No. 1979
- PART II
- Regulation 4
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Approval of a company
4.—(1) The Board’s approval of a company as a trust company for the purposes of section 842AA shall be given to the company by notice in writing.
(2) The notice shall specify—
(a)the date on which the Board’s approval is given, and
(b)the date from which the approval shall have effect.
(3) A notice giving provisional approval may include conditions designed to ensure that the company will fulfil the conditions specified in subsection (4) of section 842AA.
(4) The company may appeal to the Special Commissioners against the inclusion of any of the conditions mentioned in paragraph (3) above.
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