192Exception for transactions with members or other group companies
This section has no associated Explanatory Notes
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.