[48A SDRT: unlisted securities and connected persons]

[48A  SDRT: unlisted securities and connected persons]

[(1)     This section applies if a person is connected with a company and—

(a)     the person or the person's nominee—

(i)     agrees to transfer unlisted securities to the company or the company's nominee for consideration in money or money's worth, or

(ii)     transfers such securities to the company or the company's nominee for consideration in money or money's worth, and

(b)     some or all of the consideration consists of the issue of shares.

(2)     In this section “unlisted securities” means chargeable securities that are not listed securities within the meaning of

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