CONTROLLED FOREIGN COMPANIES. No notice of the making of a direction under section 747, ICTA 1988 has been received by the Company and no circumstances exist which would entitle the Inland Revenue to make such a direction or to apportion any profits of a controlled foreign company to the Company pursuant to section 752, ICTA 1988.
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Sources: Share Purchase Agreement (Phone Com Inc), Share Purchase Agreement (Phone Com Inc)
CONTROLLED FOREIGN COMPANIES. No notice of the making of a direction under section 747, ICTA 1988 has been received by the Company and so far as the Warrantors are aware no circumstances exist which would entitle the Inland Revenue to make such a direction or to apportion any profits of a controlled foreign company to the Company pursuant to section 752, ICTA 1988.
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