(1) In this section -
'acquisition', in relation to shares, includes receipt by way of allotment or assignment;
'connected person' has the same meaning as in section 10;
'emoluments' has the same meaning as in section 113;
'employee' and 'employer' have the same meanings, respectively, assigned to them by section 122;
'employment' has the same meaning as in section 121;
'market value' shall be construed in accordance with section 548;
'preferential loan' has the same meaning as in section 122;
'shares' includes securities within the meaning of section 135 and stock.
(2) Where an employee, or a person connected with him or her, acquires shares in a company (whether the employing company or not) and those shares are acquired at an under-value in pursuance of a right or opportunity available by reason of his or her employment, he or she shall be deemed to have the benefit of a loan on which no interest is payable (in this section referred to as the 'notional loan') made directly or indire
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