ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL Investing company
In the case of the investing company that is, or may be, a venture capital trust it seems to make no difference whether “company” uses the TCGA definition or the ICTA definition. The investing company must be an entity capable of having an accounting period (see section 842AA(2) of ICTA) and that requires the investing company to be a company within the meaning of ICTA (see section 12 of ICTA).
That is a characteristic shared with an investing company which is, or may be, an investment trust. Section 842(4) of ICTA uses the TCGA definition of “company” and “shares” for the investing company (or any other company).