Chapter 4 – Substantive prohibitions or restrictions on loans to directors and other particular transactions involving conflict of interest (ss 238-255)

Contents

Section 238 – Substantial transactions in respect of non-cash assets and involving directors, etc. [CA 2014 s 238] Section commentary
Section 239 – Prohibition of loans, etc., to directors and connected persons [CA 2014 s 239] Section commentary
Section 240 – Arrangements of certain value [CA 2014 s 240] Section commentary
Section 241 – Reduction in amount of company's relevant assets [CA 2014 s 241] Section commentary
Section 242 – Availability of Summary Approval Procedure to permit loans, etc. [CA 2014 s 242] Section commentary
Section 243 – Intra-group transactions [CA 2014 s 243] Section commentary
Section 244 – Directors' expenses [CA 2014 s 244] Section commentary
Section 245 – Business transactions [CA 2014 s 245] Section commentary
Section 246 – Transaction or arrangement in breach of section 239 voidable at instance of company [CA 2014 s 246] Section commentary
Section 247 – Personal liability for company debts in certain cases [CA 2014 s 247] Section commentary
Section 248 – Offence for contravention of section 239 [CA 2014 s 248] Section commentary
Section 249 – Contracts of employment of directors — control by members over guaranteed periods of employment [CA 2014 s 249] Section commentary
Section 250 – Anti-avoidance provision — section 249 [CA 2014 s 250] Section commentary
Section 251 – Approval of company necessary for payment by it to director or directors' dependants for loss of office [CA 2014 s 251] Section commentary
Section 252 – Approval of company necessary for payment to director of compensation in connection with transfer of property [CA 2014 s 252] Section commentary
Section 253 – Duty of director to disclose to company payments to be made to him or her in connection with transfer of shares in company [CA 2014 s 253] Section commentary
Section 254 – “Existing legal obligation” — definition and other provisions in relation to sections 251 to 253 [CA 2014 s 254] Section commentary
Section 255 – Contracts with sole members [CA 2014 s 255] Section commentary

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