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The five exceptions to the s 239 prohibition

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 [C]: Loans, Quasi-loans, Credit Transactions, Guarantees and the Provision of Security in favour of Directors and other Relevant People (a) Applicability of exceptions to prohibited transactions and arrangements (b) Section 240: the less than 10% exception (c) Section 242: the summary approval procedure exception (d) Section 243: the group exception (e) Section 244: directors’ expenses (f) Section 245: business transactions ...

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