Category: Professional Director News

Professional Director News

Any Private Limited Company Can Fund The Acquisition of Shares in Itself Subject to Some Limitations.

The Companies Act 1985 made it illegal for any UK company, or any of its subsidiaries, to give any form or Financial Assistance (loans, gifts, guarantees or any other form of security), directly or indirectly, for the purpose of purchasing shares in itself at the time of the acquisition, or in the period following the… Read more »

David and Goliath

David and Goliath

The Professional Directors Association received an email on 3 August from Dr Roger Barker, the Director of Policy and Governance at the Institute of Directors. In that email he wrote, “I have been asked to contact you by the IoD Director General” and later wrote, “The IoD is concerned about the apparent similarity of the… Read more »