Transactions with directors requiring approval of members (ss.188 to 226)
This section has no associated Explanatory Memorandum
10.—(1) Section 191 (meaning of “substantial” non-cash asset) has effect with the following adaptations.
(2) In subsection (4)—
(a)for “Part 15” substitute “Part 7 of the Companies Act 1985 or Part 8 of the Companies (Northern Ireland) Order 1986”, and
(b)for “section 424” substitute “section 238A of that Act or Article 246A of that Order”.