C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
Chapter 4Transactions with directors requiring approval of members
Loans, quasi-loans and credit transactions
I1C4C6208C1C2C3Exceptions for intra-group transactions
1
Approval is not required under section 197, 198 or 200 for—
a
the making of a loan or quasi-loan to an associated body corporate, or
b
the giving of a guarantee or provision of security in connection with a loan or quasi-loan made to an associated body corporate.
2
Approval is not required under section 201—
a
to enter into a credit transaction as creditor for the benefit of an associated body corporate, or
b
to give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of an associated body corporate.
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