Paragraph 32 I1
An “appropriate proportion” means an appropriate proportion having regard to—
(a)
the subject-matter of the relevant transaction, and
(b)
what is held at the relevant time by the acquiring company or, as the case may be, by that company and any relevant associated companies.
Annotations
Commencement
- I1
Sch. 11 para. 32 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2