For the purposes of sections 184A and 184B, there is a qualifying change of ownership in relation to a company at any time if any one or more of the following occur at that time—
Whether a company is a member of a group of companies at any time is determined in accordance with section 170.
But, apart from in the excepted case, nothing in section 170(10) or (10A) is to prevent all the companies of one group from being regarded as joining another group when the principal company of the first group becomes a member of the other group at any time.
The excepted case is the case where—
For this purpose, references to shares of a company are to the shares comprised in the issued share capital of the company.
The general rule is that a company becomes subject to different control at any time if any one or more of the following occur—
The general rule is subject to the following exceptions.
A company does not become subject to different control in any case where it joins a group of companies and the case is the excepted case mentioned above.
A company ("the subsidiary") does not become subject to different control at any time in any case where—