CG46375 - Groups: rebasing: elections out of kink test: company joining/leaving
Where a single company joins or leaves a group the results of the rules for elections out of the kink test are as follows.
| SITUATION | RESULT |
|---|---|
| Company already covered by election. | Election continues to apply company. |
| Company not covered by election and time limit expired. | Company will not be covered by any future election. |
| Company not covered by election | Ìý |
| Time limit has not expired | Ìý |
| Company has made a relevant disposal. | Ìý |
| - Company joins group Before its relevant time. | The disposal is the new group바카라 사이트™s first relevant disposal. The right to elect passes to the new principal company. |
| 1. Company joins new group after its relevant time, or is no longer grouped. | Company retains right to elect. |
| Company not covered by election. \nCompany has not made a relevant disposal. | Ìý |
| 1. Company joins new group before its relevant time. | The right to elect passes to the new principal company. |
| 1. Company joins new group after its relevant time, or is no longer grouped. | Company retains right to elect. |
Any disposal made by an outgoing company is not treated as the first relevant disposal of the group. Any election subsequently made by the group바카라 사이트™s principal company, and taking effect from a relevant time before the outgoing company left the group, does not cover that company.