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Companies Act 1985

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

336Transactions at behest of holding company

The following transactions are excepted from the prohibitions of section 330—

(a)a loan or quasi-loan by a company to its holding company, or a company entering into a guarantee or providing any security in connection with a loan or quasi-loan made by any person to its holding company;

(b)a company entering into a credit transaction as creditor for its holding company, or entering into a guarantee or providing any security in connection with a credit transaction made by any other person for its holding company.

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