Finance Act, 1996
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Amendment of section 144 (relief from stamp duty in the case of reconstructions or amalgamations of companies) of Finance Act, 1995. |
116.— Section 144 of the Finance Act, 1995 , is hereby amended by the substitution of the following subsection for subsection (2): | |
“(2) Section 31 of the Finance Act, 1965 , shall apply notwithstanding— | ||
(a) that the transferee company referred to in that section is incorporated in another Member State of the European Union, or | ||
(b) that the particular existing company referred to in that section is incorporated outside the State: | ||
Provided that any such company incorporated outside the State corresponds, under the law of the place where it is incorporated, to a transferee company or particular existing company, as the case may be, within the meaning of that section and subject to any necessary modifications for the purpose of so corresponding, all the other provisions of that section are met.”. |