677 Meaning of “financial assistance”
Companies Act 2006 | Legislation

Chapter 2
Financial Assistance for Purchase of Own Shares

Introductory

677  Meaning of “financial assistance”

(1)     In this Chapter “financial assistance” means—

(a)     financial assistance given by way of gift,

(b)     financial assistance given—

(i)     by way of guarantee, security or indemnity (other than an indemnity in respect of the indemnifier's own neglect or default), or

(ii)     by way of release or waiver,

(c)     financial assistance given—

(i)     by way of a loan or any other agreement under which any of the obligations of the person giving the assistance are to be fulfilled at a time when in accordance with the agreement any obligation of

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