sec.13OWhen share or option is granted

### sec.13O When share or option is granted A share is granted to a person if— another person transfers the share to the person, other than by issuing the share to the person; or another person allots the share to the person; or the requirements for the grant of a share prescribed under a regulation are satisfied. An option is granted to a person if— another person transfers the right to the share to which the option relates to the person; or another person creates the right to the share to which the option relates in the person; or the requirements for the grant of an option prescribed under a regulation are satisfied. Also, a share or an option is granted to a person if— the person acquires a legal interest in the share or right from another person other than in a way mentioned in subsection (1) or (2) ; or the person acquires a beneficial interest in the share or option from another person. s 13O ins 2008 No. 16 s 9 sub 2011 No. 8 s 80 (sec.13O-ssec.1) A share is granted to a person if— another person transfers the share to the person, other than by issuing the share to the person; or another person allots the share to the person; or the requirements for the grant of a share prescribed under a regulation are satisfied. (sec.13O-ssec.2) An option is granted to a person if— another person transfers the right to the share to which the option relates to the person; or another person creates the right to the share to which the option relates in the person; or the requirements for the grant of an option prescribed under a regulation are satisfied. (sec.13O-ssec.3) Also, a share or an option is granted to a person if— the person acquires a legal interest in the share or right from another person other than in a way mentioned in subsection (1) or (2) ; or the person acquires a beneficial interest in the share or option from another person. - (a) another person transfers the share to the person, other than by issuing the share to the person; or - (b) another person allots the share to the person; or - (c) the requirements for the grant of a share prescribed under a regulation are satisfied. - (a) another person transfers the right to the share to which the option relates to the person; or - (b) another person creates the right to the share to which the option relates in the person; or - (c) the requirements for the grant of an option prescribed under a regulation are satisfied. - (a) the person acquires a legal interest in the share or right from another person other than in a way mentioned in subsection (1) or (2) ; or - (b) the person acquires a beneficial interest in the share or option from another person.