SCHEDULES
SCHEDULE 5Enterprise investment scheme
10General requirements
1
Section 174 (the purpose of the issue requirement) is amended as follows.
2
The existing text becomes subsection (1).
3
In that subsection, after “activity” insert “so as to promote business growth and development”.
4
After that subsection insert—
2
For this purpose “business growth and development” means the growth and development of—
a
if the issuing company is a single company, the business of that company, and
b
if the issuing company is a parent company, what would be the business of the group if the activities of the group companies taken together were regarded as one business.