Companies Act 2014 – Get to know the numbers

Companies Act 2014 – Get to know the numbers

There are a handful of sections in company law that are known to lawyers, accountants and many of their clients by the section number.  We have selected the key provisions under the old legislation and set out the equivalent under the new.

Remember a couple of these and impress your friends!

 

TopicOld LawCompanies Act 2014
Substantial property transactions involving directors etc.S.29S.238
Prohibition on loans to directors and connected personS.31S.239
Giving of financial assistance by a company for the purchase of its shareS.60S.82
Restriction of directors (court order)S.150S.819

(See S.818 – S.836 for restriction generally)

Meaning of “holding company” and “subsidiary”S.155S.7

“Subsidiary”

S.8

“holding company”
“wholly owned subsidiary”
“group of companies”

Remedy in cases of oppressionS.205S.212
Circumstances in which a company deemed unable to pay its debtsS.214S.570

 

For further information on the above please contact Niamh Gibney at ngibney@reddycharlton or Paul Keane at pkeane@reddycharlton.



Niamh Gibney
Author: Niamh Gibney