Indemnifying Directors & S310 CA 1985

Indemnifying Directors & S310 CA 1985

Didn't find your answer?

But I can't recall, assuming I ever knew, why this clause appears as standard in memorandums.

Is it as a provision to allow directors to make a payment which would otherwise be seen as a loan? Or because an indemnity payment would be a payment by directors to themselves and as such should be explicitly permitted.

I'm aware that the alw has changed CA 2004 & there might be a need to update the paperwork.

Colin
Colin L

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