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[C]: Loans, Quasi-loans, Credit Transactions, Guarantees and the Provision of Security in favour of Directors and other Relevant People

The Law of Companies

Author:
Thomas B Courtney
Publisher:
Bloomsbury Professional
Edition:
Fourth edition
Law Stated At:
30 September 2016
Chapter 17: Directors: Regulation of Transactions and Arrangements Section 239 prevents companies from making or entering into transactions or arrangements Anti-avoidance by preventing indirect activity The five prohibited transactions and arrangements The meaning of ‘for’ a director or other relevant person The application of s 239 to directors and other relevant people The five exceptions to the s 239 prohibition Civil consequences of contravention: voidability Civil consequences of contravention: account and indemnity Civil consequences of contravention: personal liability The criminal consequences of contravention ...

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