Section 151: Application of sections 149 and 150 in certain cases

Companies Act · PART XI: DIRECTORS AND THEIR POWERS AND DUTIES

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

151. Application of sections 149 and 150 in certain cases Sections 149 and 150 shall not apply in relation to— (a) remuneration or any other benefit given to a director in accordance with section 159; or (b) an indemnity given or insurance provided in accordance with section 161.

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Questions this section answers

Do the transaction-avoidance rules apply to a director's ordinary remuneration?