C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
Chapter 4Transactions with directors requiring approval of members
Substantial property transactions
I1C4192C1C2C3Exception for transactions with members or other group companies
Approval is not required under section 190 (requirement of members' approval for substantial property transactions)—
a
for a transaction between a company and a person in his character as a member of that company, or
b
for a transaction between—
i
a holding company and its wholly-owned subsidiary, or
ii
two wholly-owned subsidiaries of the same holding company.
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