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The Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007
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Directors’ liabilities (ss.232 to 239)
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12.—(1) Section 234 (qualifying third party indemnity provision) has effect with the following adaptation.
(2) In subsection (6), for the words from “section 661(3)” to the end substitute—
“section 144(3) or (4) of the Companies Act 1985 or Article 154(3) or (4) of the Companies (Northern Ireland) Order 1986 (acquisition of shares by innocent nominee), or
section 727 of the Companies Act 1985 or Article 675 of the Companies (Northern Ireland) Order 1986 (general power to grant relief in case of honest and reasonable conduct).”.
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