Illegality under the Companies Act
Eadie, C.
Illegality under the Companies Act - 1993 - Estates Gazette (9329) 24 July 1993, 90-91(2) .
Rules governing the lending of company money to directors are complicated, safeguarding against improper use, but they can also create incidental legal problems for joint venture finance. The article examines a hypothetical case study to illustrate where such funding becomes illegal.
COMPANIES ACT 1985
CONFLICT OF INTEREST
DIRECTORS LOAN RULES
JOINT VENTURES
PROPERTY FINANCE
Illegality under the Companies Act - 1993 - Estates Gazette (9329) 24 July 1993, 90-91(2) .
Rules governing the lending of company money to directors are complicated, safeguarding against improper use, but they can also create incidental legal problems for joint venture finance. The article examines a hypothetical case study to illustrate where such funding becomes illegal.
COMPANIES ACT 1985
CONFLICT OF INTEREST
DIRECTORS LOAN RULES
JOINT VENTURES
PROPERTY FINANCE