Memorandum accounts - General provisions - When companies amalgamate
OA 13: Policyholder credit account on resident’s restricted amalgamation
You could also call this:
“This rule about combining policyholder credit accounts when companies merge was removed in 2017”
This section of the law used to talk about what happens to a policyholder credit account when companies join together in a special way called a resident’s restricted amalgamation. However, this part of the law was removed on 30 March 2017. It no longer applies, so there are no rules to explain about it now.
OA 14: Continuity of shareholding when group companies amalgamate, or
“Rules for keeping track of ownership when companies in a group join together”
Part O
Memorandum accounts
General provisions:
When companies amalgamate
OA 13Policyholder credit account on resident’s restricted amalgamation (Repealed)
Notes
Section OA 13: repealed, on , by section 183 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
