Commentary on Sections Overview Overview Section 896: Withdrawal of application
2703.This section is about the withdrawal of an application for net payment under section 895. It is based on section 50(5) of ICTA.
2704.The section sets out that a withdrawal of an application may be made by the registered holder of the securities only by notice to the Registrar in such form as is prescribed by the Registrar with the approval of the Treasury. Such a withdrawal will have effect one month after the date the Registrar receives the notice.