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Section 193: Exception in case of company in winding up or administration

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

This section applies to a company—

that is being wound up (unless the winding up is a members' voluntary winding up), or
that is in administration within the meaning of Schedule B1 to the Insolvency Act 1986 (c. 45) or the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)).

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

on the part of the members of a company to which this section applies, or
for an arrangement entered into by a company to which this section applies.

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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.