205 Exception for expenditure on defending proceedings etc
Companies Act 2006 (2006 c 46) | Legislation

205  Exception for expenditure on defending proceedings etc

(1)     Approval is not required under section 197, 198, 200 or 201 (requirement of members' approval for loans etc) for anything done by a company—

(a)     to provide a director of the company or of its holding company with funds to meet expenditure incurred or to be incurred by him—

(i)     in defending any criminal or civil proceedings in connection with any alleged negligence, default, breach of duty or breach of trust by him in relation

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