C5Part 10A company's directors

Annotations:
Modifications etc. (not altering text)

Chapter 3Declaration of interest in existing transaction or arrangement

C4C6186C1C2C3Declaration of interest in case of company with sole director

1

Where a declaration of interest under section 182 (duty to declare interest in existing transaction or arrangement) is required of a sole director of a company that is required to have more than one director—

a

the declaration must be recorded in writing,

b

the making of the declaration is deemed to form part of the proceedings at the next meeting of the directors after the notice is given, and

c

the provisions of section 248 (minutes of meetings of directors) apply as if the declaration had been made at that meeting.

2

Nothing in this section affects the operation of section 231 (contract with sole member who is also a director: terms to be set out in writing or recorded in minutes).