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Section 192: Exception for transactions with members or other group companies

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 10: A company's directors — Chapter 4: Transactions with directors requiring approval of members

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

for a transaction between a company and a person in his character as a member of that company, or
for a transaction between—
a holding company and its wholly-owned subsidiary, or
two wholly-owned subsidiaries of the same holding company.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.