Section 205A(6)

Agreement between a company and an individual that the individual is to become an employee shareholder is of no effect unless, before the agreement is made— the individual, having been given the statement referred to in subsection (1)(c), receives advice from a relevant independent adviser as to the terms and effect of the proposed agreement, and seven days have passed since the day on which the individual receives the advice.

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Source: legislation.gov.uk · retrieved 2026-09-04