SCHEDULES

SCHEDULE 6Disclosure of information: emoluments and other benefits of directors and others

Part II Loans, Quasi-loans and Other Dealings in Favour of Directors

Interpretation

F127

F2(1)

The following provisions of this Act apply for purposes of this Part of this Schedule—

(a)

section 331(2), . . . F3 and (7), as regards the meaning of “guarantee”, . . . F3 and “credit transaction”;

(b)

section 331(9), as to the interpretation of references to a transaction or arrangement being made “for” a person;

(c)

section 340, in assigning values to transactions and arrangements, and

(d)

section 346, as to the interpretation of references to a person being “connected with” a director of a company.

F4(2)

In this Part of this Schedule “director” includes a shadow director.