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).
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2