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10(1)Paragraph 49 (disqualifying events: alterations of share capital) is amended as follows.
(2)In sub-paragraph (1) for “this paragraph” substitute “this sub-paragraph”.
(3)For sub-paragraphs (2) to (5) (provision for approval of alteration by Inland Revenue) substitute—
“(2)This sub-paragraph applies to an alteration if—
(a)it is not made by the relevant company for commercial reasons, or
(b)the main purpose or one of the main purposes for making the alteration is to increase the market value of the shares which are the subject of the qualifying option.”
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