192 Exception for transactions with members or other group companies
192 Exception for transactions with members or other group companies
Companies Act 2006 | Legislation

Approval is not required under section 190 (requirement of members' approval for substantial property transactions)—

(a)     for a transaction between a company and a person in his character as a member of that company, or

(b)     for a transaction between—

(i)     a holding company and its wholly-owned subsidiary, or

(ii)     two wholly-owned subsidiaries of the same holding company.