Part X Enforcement of Fair Dealing by Directors

Restrictions on directors taking financial advantage

311 Prohibition on tax-free payments to directors.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

312 Payment to director for loss of office etc.

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

313 Company approval for property transfer.

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

314 Director’s duty of disclosure on takeover, etc.

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

315 Consequences of non-compliance with s. 314.

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

316 Provisions supplementing ss. 312 to 315.

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

317 Directors to disclose interest in contracts.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

318 Directors’ service contracts to be open to inspection.

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

319 Director’s contract of employment for more than 5 years.

F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

320 Substantial property transactions involving directors, etc.

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

321 Exceptions from s. 320.

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

322 Liabilities arising from contravention of s. 320.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

322A Invalidity of certain transactions involving directors, etc.

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

322BContracts with sole members who are directors

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Share dealings by directors and their families

323 Prohibition on directors dealing in share options.

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

324 Duty of director to disclose shareholdings in own company.

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

325 Register of directors’ interests notified under s. 324.

F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

326 Sanctions for non-compliance.

F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

327 Extension of s. 323 to spouses F19, civil partners and children.

F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

328 Extension of s. 324 to spouses F21, civil partners and children.

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

329 Duty to notify stock exchange of matters notified under preceding sections.

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Restrictions on a company’s power to make loans, etc., to directors and persons connected with them

330 General restriction on loans etc. to directors and persons connected with them.

F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

331 Definitions for ss. 330 ff.

F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

332 Short-term quasi-loans.

F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

333 Inter-company loans in same group.

F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

334 Loans of small amounts.

F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

335 Minor and business transactions.

F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

336 Transactions at behest of holding company.

F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

337 Funding of director’s expenditure on duty to company.

F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

337AFunding of director’s expenditure on defending proceedings

F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

338 Loan or quasi-loan by money-lending company.

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

339“Relevant amounts” for purposes of ss. 334 ff.

F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

340“Value” of transactions and arrangements.

F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

341 Civil remedies for breach of s. 330.

F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

342 Criminal penalties for breach of s. 330.

F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

343 Record of transactions not disclosed in company accounts.

F38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

344 Exceptions from s. 343.

F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supplementary

345 Power to increase financial limits.

F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

346“Connected persons”, etc.

F41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

347 Transactions under foreign law.

F42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .