(1) Despite the provisions of section 41C, the assessed losses carried forward by a company joining a group after restructuring or reorganization shall not be available for utilization by the companies in the existing group for purposes of claiming group relief.
(2) Despite the provisions of section 41C, the trading losses carried forward by the group, shall not be available for utilization by a company joining the group after restructuring or reorganization for a period of 2 years after joining.
(Inserted by Act 15 of 2003)