Paragraph 22 I1

(1)

This paragraph applies if there are two or more postal transfer schemes making transfers to new companies.

(2)

Paragraph 7 has effect as if—

(a)

in sub-paragraph (1)(a) the reference to property or rights transferred in accordance with a postal transfer scheme included property or rights transferred in accordance with another postal transfer scheme, and

(b)

in sub-paragraphs (2)(a) and (3) references to a new company included a company that is a new company for the purposes of another postal transfer scheme.

(3)

Accordingly, in relation to anything done by a postal transfer scheme as a result of this paragraph, any reference to a new company in paragraphs 13 to 16 includes a company that is a new company for the purposes of another postal transfer scheme.

Annotations

Commencement

I1: Sch. 11 para. 22 in force at 1.10.2011 by S.I. 2011/2329, art. 3