Clause 62
Disclosure by director of interests in transactions, property, offices, etc.
of Variable Capital Companies Bill
BillNot in forceProvision 62 of 170
Clause 62
(1)
Section 156 of the Companies Act applies to a director of a VCC as respects the VCC as it applies to a director of a company as respects the company, subject to section 5 and subsection (2).
(2)
For the purpose of subsection (1), the reference in section 156(4) of the Companies Act to a corporation which by virtue of section 6 of that Act is deemed to be related to the company is to a related corporation of the VCC.