207 Exceptions for minor and business transactions
207 Exceptions for minor and business transactions
Companies Act 2006 | Legislation

(1)     Approval is not required under section 197, 198 or 200 for a company to make a loan or quasi-loan, or to give a guarantee or provide security in connection with a loan or quasi-loan, if the aggregate of—

(a)     the value of the transaction, and

(b)     the value of any other relevant transactions or arrangements,

does not exceed £10,000.

(2)     Approval is not required under section 201 for a company to enter into a credit transaction, or to give a guarantee or provide security in connection with a credit transaction, if the aggregate of—

(a)     the value of

226 . . .

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