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The Venture Capital Trust Regulations 1995

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CHAPTER IRELIEF IN RESPECT OF INVESTMENTS IN TRUST COMPANIES

Certificate to be given to investor

9.—(1) If an individual to whom eligible shares have been issued so requires, a trust company shall, within 30 days, give him a certificate containing the particulars specified in paragraph (2) below and certifying as specified in paragraph (3) below.

(2) The particulars specified are—

(a)the name of the investor,

(b)his permanent address including postcode,

(c)the date on which the eligible shares were issued to him,

(d)the amount payable in respect of those shares and the date on which that amount will be payable, and

(e)the amount paid in respect of those shares and the date on which that amount was paid.

(3) The certificate shall certify—

(a)that eligible shares have been issued to the investor,

(b)that to the best of the trust company’s knowledge and belief the shares were both subscribed for and issued as mentioned in paragraph l(9) of Schedule 15B, and

(c)that to the best of the trust company’s knowledge and belief the shares were not issued in a case where the investor is not entitled to relief under Part I of Schedule 15B because the case is one to which paragraph 2 of that Schedule applies.

(4) The trust company shall keep a record of the information contained in any certificate given under this regulation.

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