Schedules
SCHEDULE 2Transitionals and savings etc
Part 23Company distributions
Meaning of “special securities”
103
1
Securities do not meet Condition A in section 1015 if they were issued—
a
before 6 April 1965 in respect of shares, or
b
before 6 April 1972 in respect of securities.
2
Securities do not fall within section 1015(3)(a)(ii) if they were issued before 6 April 1972.