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Companies Act 1985
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Rhagor o Adnoddau
Changes over time for: Paragraph 23
Version Superseded: 06/04/2008
Alternative versions:
- 01/02/1991- Amendment
- 06/04/2007
Point in time - Stop date 06/04/2008- Amendment
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Point in time view as at 06/04/2007. This version of this provision has been superseded.
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[F123]In paragraph 22(2) above, sub-paragraphs (c) to (f) do not apply in the case of a loan or quasi-loan made or agreed to be made by a company to or for a body corporate which is either—
(a)a body corporate of which that company is a wholly-owned subsidiary, or
(b)a wholly-owned subsidiary of a body corporate of which that company is a wholly-owned subsidiary, or
(c)a wholly-owned subsidiary of that company,
if particulars of that loan, quasi-loan or agreement for it would not have been required to be included in that company’s annual accounts if the first-mentioned body corporate had not been associated with a director of that company at any time during the relevant period.
Textual Amendments
F1Sch. 6 Pt. II paras. 15–27 renumbered from 1–3 and 5–14 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9) and internal cross-references in that Part renumbered accordingly by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 4(2)
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