209 Exceptions for money-lending companies
Companies Act 2006 | Legislation

209  Exceptions for money-lending companies

(1)     Approval is not required under section 197, 198 or 200 for the making of a loan or quasi-loan, or the giving of a guarantee or provision of security in connection with a loan or quasi-loan, by a money-lending company if—

(a)     the transaction (that is, the loan, quasi-loan, guarantee or security) is entered into by the company in the ordinary course of the company's business, and

(b)     the value of the transaction is not greater, and its terms are not more favourable, than it is reasonable to expect the company would have offered to

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