Retirement benefit scheme shareholding limit restricts company shares in the scheme to the lower of book, market or fair value. Retirement benefit schemes require compliance with these Regulations and other applicable law, must set out benefits and implementation procedures, and must ensure that shares of the company or its listed holding company in the scheme do not exceed ten per cent of the lower of book, market or fair value of the scheme's total assets as shown in the latest balance sheet; the secretarial auditor must certify compliance with this shareholding limit when the balance sheet is adopted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retirement benefit scheme shareholding limit restricts company shares in the scheme to the lower of book, market or fair value.
Retirement benefit schemes require compliance with these Regulations and other applicable law, must set out benefits and implementation procedures, and must ensure that shares of the company or its listed holding company in the scheme do not exceed ten per cent of the lower of book, market or fair value of the scheme's total assets as shown in the latest balance sheet; the secretarial auditor must certify compliance with this shareholding limit when the balance sheet is adopted.
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