370 Enforcement of directors' liabilities by shareholder action
370 Enforcement of directors' liabilities by shareholder action
Companies Act 2006 | Legislation

(1)     Any liability of a director under section 369 is enforceable—

(a)     in the case of a liability of a director of a company to that company, by proceedings brought under this section in the name of the company by an authorised group of its members;

(b)     in the case of a liability of a director of a holding company to a subsidiary, by proceedings brought under this section in the name of the subsidiary by—

(i)     an authorised group of members of the subsidiary, or

(ii)     an authorised group of members of the holding company.

(2)     This is in addition to the right of the company to which the liability is owed to bring proceedings itself to enforce the liability.