Commentary on Sections Overview Chapter 1: Introduction Section 1004: Groups, consortiums and commercial associations of companies
2589.This section gives various definitions that apply when considering employee share acquisitions within a group of companies. It is based on paragraphs 23, 28 and 29 of Schedule 23 to FA 2003.
2590.Any group company that owns shares in the consortium company is treated as a member of the consortium. But a member of a group of companies is not part of the consortium simply because another member of the group holds shares in the consortium company.