| Commentary

201 Conditional exceptions

| Commentary

201 Conditional exceptions

The rules prohibiting the giving of financial assistance by private companies will not prevent the company entering into certain other transactions provided that the company giving the assistance is a private company or is a public company whose net assets are not reduced by the giving of the assistance, or which is providing the assistance out of distributable profits, in so far as those assets are so reduced1. The relevant transactions are2:

  1. 201.1

        the lending of money in the ordinary course of its business, where the lending of money is part of the company’s ordinary business;

  2. 201.2

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