(1) Section 13A (inserted by the Finance Act, 1989) of the Finance Act, 1984, is hereby amended -
(a) in subsection (1) -
(i) as respects eligible shares issued on or after the 23rd day of January, 1996, by the substitution of "the issue of eligible shares on or after the 23rd day of January, 1996 (hereafter in this section referred to as the ‘relevant issue’)" for "the issue of eligible shares (hereafter in this section referred to as the ‘relevant issue’) on any day falling on or after the 6th day of May, 1993,", and
(ii) as on and from the passing of the Finance Act, 1996, by the addition of the following proviso:
"Provided that, in the case of a company which, or whose qualifying subsidiary, either carries on or intends to carry on a qualifying trading operation as is mentioned in subparagraph (iib) (inserted by the Finance Act, 1996) of paragraph (a) of subsection (2) of section 16, this section shall apply and have effect, in relation to that company and money raised