508D. Confirmation of compliance with certain conditions

(1) Prior to issuing a statement of qualification a company may apply to the Revenue Commissioners for confirmation that the following conditions are satisfied in respect of an investment in eligible shares:

(a) the condition set out in section 490(2)(a)(ii); and

(b) the conditions set out in subsections (4) to (7), as appropriate, of section 496.

(2) The application referred to in subsection (1) shall be a statement made by the company to the Revenue Commissioners and that statement shall——

(a) contain all relevant facts and circumstances, and

(b) be in such form as the Revenue Commissioners direct.