For the purposes of this Chapter, ‘division by the formation of new companies’ means the operation whereby, after being wound up without going into liquidation, a company transfers to more than one newly-formed company all its assets and liabilities in exchange for the allocation to the shareholders of the company being divided of shares in the recipient companies, and possibly a cash payment not exceeding 10 % of the nominal value of the shares allocated or, where they have no nominal value, of their accounting par value.
Chun críocha na Caibidle seo, ciallaíonn “deighilt trí chuideachtaí nua a fhoirmiú” an oibríocht lena n-aistríonn cuideachta, tar éis a foirceanta agus gan dul faoi leachtú, a sócmhainní agus a dliteanais go léir chuig breis agus cuideachta amháin a fhoirmítear as an nua mar mhalartú ar scaireanna sna cuideachtaí is faighteoir a chionroinnt ar scairshealbhóirí na cuideachta atá á deighilt, agus íocaíocht fhéideartha in airgead tirim nach sáraíonn 10 % de luach ainmniúil na scaireanna a chionroinntear nó, i gcás nach bhfuil aon luach ainmniúil acu, dá bparluach cuntasaíochta.