C6C5Part 10A company's directors

Annotations:
Modifications etc. (not altering text)
C6

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Chapter 3Declaration of interest in existing transaction or arrangement

C4C7C8186C3C2C1Declaration 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).