S200(6) of Companies Act 2006 – Exception of Shareholder(SH) Approval

For a loan or quasi-loans to persons connected with directors of plc or ltd associated with plc, SH approval is required under s200. But if it is a wholly-owned subsidiary of another body corporate(ltd or plc), then no approval is required under s200(6). Gower and Davies in Principles of Modern Company Law 16-58 stated that [...]

Posted Under: Company Law,Uncategorized
This post was written by William on November 1, 2011 Comments (0)

Random company law notes

Hickman v Kent: arbitration is allowed by court within the agreement Ely: outsider rule – appoint him as a solicitor of company is improver contract Re legal cost – s994 – majority Bird v Precision Bellow: count can make order it thinks fit for value of share Lord Wilberforce in Ebrahimi: 1) personal relation 2)agreement [...]

Posted Under: Company Law
This post was written by William on August 20, 2011 Comments (0)