Version Superseded: 01/10/2007
Point in time view as at 19/06/2001. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 333.
In the case of a relevant company which is a member of a group of companies (meaning a holding company and its subsidiaries), paragraphs (b) and (c) of section 330(3) do not prohibit the company from—
(a)making a loan or quasi-loan to another member of that group; or
(b)entering into a guarantee or providing any security in connection with a loan or quasi-loan made by any person to another member of the group,
by reason only that a director of one member of the group is associated with another.
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