SCHEDULES
SCHEDULE 20Corporate venturing scheme
5
1
Paragraph 21 (meaning of “qualifying subsidiary”) is amended as follows.
2
In sub-paragraph (2)—
a
omit paragraphs (a) to (c),
b
before paragraph (d) insert—
ca
the subsidiary is a 51% subsidiary of the relevant company;
c
in paragraph (e) for “the conditions in paragraphs (a) to” substitute “
either of the conditions in paragraphs (ca) and
”
.
3
In sub-paragraph (4)(a)(ii), after “company” insert “
concerned
”
.
4
In sub-paragraph (5)—
a
after “qualifying subsidiary” insert “
of the relevant company
”
,
b
for “and not part” substitute “
and is not to be part
”
.