For the purposes of the statutory provisions relating to the change of ownership of companies with investment business1, there is a significant increase in the amount of a company's capital2 if the amount of that capital ('amount B') exceeds another amount ('amount A') by at least £1,000,000 and is at least 125% of amount A3, where amount A is the lower of:
(1) the amount of the company's capital immediately before the change in ownership4; and
(2) the highest 60-day minimum amount for the pre-change year5,
and amount B is the highest 60-day minimum amount for the post-change period6.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234