Rule 16
Circumstances Where Involuntary Disposal With Substitution Is created
(1) In cases where, by virtue of the unification or restructuring of any entity, the interest of any person in any entity is replaced by
another interest of that entity or by the interest of any other entity, an involuntary disposal shall be deemed to have been created.
(2) In cases where an involuntary disposal is created pursuant to Sub-rule (1), the entity or person shall submit an application to the Department for an approval.
(3) The Department may provide approval on the application submitted pursuant to Sub-rule (2).
another interest of that entity or by the interest of any other entity, an involuntary disposal shall be deemed to have been created.
(2) In cases where an involuntary disposal is created pursuant to Sub-rule (1), the entity or person shall submit an application to the Department for an approval.
(3) The Department may provide approval on the application submitted pursuant to Sub-rule (2).