Section 465 Power to obtain information

United Kingdom

F1(1)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

Subsections (3) and (4) apply if a company (“the issuing company”) appears to an officer of Revenue and Customs to be a close company.

(3)

The officer may, for the purposes of Chapter 3 F2or 3A , by notice require the issuing company to provide the officer with—

(a)

particulars of any bearer securities issued by the company,

(b)

the names and addresses of the persons to whom the securities were issued, and

(c)

details of the amounts issued to each person.

(4)

The officer may, for the purposes of Chapter 3 or 3A , by notice require—

(a)

any person to whom bearer securities were issued by the company, or

(b)

any person to or through whom bearer securities issued by the company were subsequently sold or transferred,

to provide any further information that the officer reasonably requires with a view to enabling the officer to find out the names and addresses of the persons beneficially interested in the securities.

(5)

In this section “securities” includes—

(a)

shares, stocks, bonds, debentures and debenture stock, and

(b)

any promissory note or other instrument evidencing indebtedness to a loan creditor of the company.

Annotations

Textual amendments

F1: S. 465(1) omitted (with effect in accordance with Sch. 23 para. 65 of the amending Act) by virtue of Finance Act 2011 (c. 11), Sch. 23 paras. 64(2)(b), 65(1)(a) (with Sch. 23 paras. 50, 65(1)(b))
F2: Words in s. 465 inserted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 30 para. 7

Notes on Part 10

Modifications

C1: Pt. 10 applied (with modifications) (6.4.2014) by National Insurance Contributions Act 2014 (c. 7), s. 8, Sch. 1 Pt. 1