Part VII Control of Business Transfers

C1I1108 Requirements on applicants.

1

The Treasury may by regulations impose requirements on applicants under section 107.

2

The court may not determine an application under that section if the applicant has failed to comply with a prescribed requirement.

3

The regulations may, in particular, include provision—

a

as to the persons to whom, and periods within which, notice of an application must be given;

b

enabling the court to waive a requirement of the regulations in prescribed circumstances.