C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
Chapter 4Transactions with directors requiring approval of members
Substantial property transactions
I1C4193C1C2C3Exception in case of company in winding up or administration
1
This section applies to a company—
a
that is being wound up (unless the winding up is a members' voluntary winding up), or
b
that is in administration within the meaning of Schedule B1 to the Insolvency Act 1986 (c. 45) or the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)).
2
Approval is not required under section 190 (requirement of members' approval for substantial property transactions)—
a
on the part of the members of a company to which this section applies, or
b
for an arrangement entered into by a company to which this section applies.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2