Examples of Qualifying Company in a sentence
The Investment Manager shall have absolute discretion as to the number of shares in an EIS Qualifying Company allocated to the Investor, provided that Investors shall not have fractions of shares.
A Qualifying Holding consists of shares in, or securities of, a Qualifying Company (see below under heading “Qualifying Companies” for further details).
The show seniority points can only be transferred by a Qualifying Company as part of the sale of all or substantially all of its assets to the Purchaser and must be approved by NMMA.
A Taxable Corporate Shareholder whose Shares are held in connection with a trade or who is a Qualifying Company will be taxable on any income or gains arising in connection with the Shares as profits of that trade (currently at a rate of 12.5 per cent.) or as profits of its business as a Qualifying Company, as the case may be (currently at a rate of 25 per cent.), with a set-off against corporation tax payable for any tax deducted by the Company.
The Investor agrees to notify the Investment Manager if, within three years of the date of issue of shares to his Portfolio in an EIS Qualifying Company or within three years of commencement of trade if later, the Investor becomes connected with the company or receives value from such company (in which case Clause 6.6 will apply at that time).