Paragraph 7

This article applies to an agreement made on or after the date on which the Restrictive Trade Practices (Services) (Amendment) Order 1989 came into force^f1–

(a)

which provides for a person (the “subscriber”) to subscribe (whether or not in cash) for shares in a company (the “issuing company”);

(b)

under which no relevant restriction in respect of any of the matters specified in article 3(2)(a) of this Order is accepted by a person; and

(c)

under which no relevant restriction in respect of any of the matters specified in article 3(2)(b) to (e) of this Order is accepted by a body corporate or unincorporate.

Annotations

Footnotes

f1: The Restrictive Trade Practices (Services) (Amendment) Order 1989 came into force on 30th June 1989.