Resolution of general meeting to approve a loan to a directorCompanies can make loans to their directors, provided a memorandum setting out the terms and purpose of the loan has been approved by the
company's shareholders.Loan approvalTo obtain the shareholders' approval, either use the traditional method of calling and holding a general meeting to pass what will be an ordinary resolution or,
alternatively, the written procedure that's now available. Companies don't, however, need to obtain the consent of its...
Published 21.11.2017
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