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Commentary

42.3 Direct demerger: special condition

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

42.3 Direct demerger: special condition

| Commentary

42.3 Direct demerger: special condition1

  1. 42.3.1

        Condition E: the shares must not be redeemable, must constitute the whole or substantially the whole, of the distributing company’s holding of the ordinary share capital of the subsidiary, and must confer the whole or substantially the whole of its voting rights in that subsidiary.

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