205 Exception for expenditure on defending proceedings etc
205 Exception for expenditure on defending proceedings etc
Companies Act 2006 | Legislation

(1)     Approval is not required under section 197, 198, 200 or 201 (requirement of members' approval for loans etc) for anything done by a company—

(a)     to provide a director of the company or of its holding company with funds to meet expenditure incurred or to be incurred by him—

(i)     in defending any criminal or civil proceedings in connection with any alleged negligence, default, breach of duty or breach of trust by him in relation to the company or an associated company, or

(ii)     in connection with an application for relief (see subsection (5)), or

(b)     to enable any such director to avoid incurring such expenditure,

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