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Transactions with directors: comparison between Companies Acts 2006 and 1985
Practical Law UK Practice Note 1-201-5363 (Approx. 13 pages)
Transactions with directors: comparison between Companies Acts 2006 and 1985
A note outlining the changes to the law on transactions with directors under the Companies Act 2006. For general background to the 2006 Act, see Practice note, Companies Act 2006: materials.
Most of Chapters 2 (general duties of directors), and 4 (transactions with directors requiring approval of members) of Part 10 came into force on 1 October 2007, other than the provisions relating to directors' conflict of interest duties (sections 175 to 177). Sections 175 to 177 came into force on 1 October 2008, along with those relating to declarations of interest in existing transactions or arrangements in Chapter 3 of Part 10 (sections 182 to 187).
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