SCHEDULES
SCHEDULE 11Venture capital schemes
Commencement
10
The amendments made by this Schedule are treated as having come into force on 6 April 2008.
11
But the amendments made by paragraphs 2, 3, 5 and 6 do not have effect in relation to shares issued before that date.
12
And the amendments made by paragraphs 8 and 9 do not have effect in relation to—
a
a relevant holding issued before that date, or
b
a relevant holding acquired by a company (“the investing company”) F1before 6 April 2018 by means of the investment of protected money.
13
For the purposes of paragraph 12(b) “protected money” is—
a
money raised by the issue before that date of shares in or securities of the investing company, or
b
money derived from the investment of such money.