231 Contract with sole member who is also a director
Companies Act 2006 | Legislation

Chapter 6
Contracts with Sole Members who are Directors

231  Contract with sole member who is also a director

(1)     This section applies where—

(a)     a limited company having only one member enters into a contract with the sole member,

(b)     the sole member is also a director of the company, and

(c)     the contract is not entered into in the ordinary course of the company's business.

(2)     The company must, unless the contract is in writing, ensure that the terms of the contract are either—

(a)     set out in a written memorandum, or

(b)     recorded in the minutes of the first meeting of the

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