Section 207(2)

Approval is not required under section 201 for a company to enter into a credit transaction, or to give a guarantee or provide security in connection with a credit transaction, if the aggregate of— does not exceed £15,000. the value of the transaction (that is, of the credit transaction, guarantee or security), and the value of any other relevant transactions or arrangements,

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Source: legislation.gov.uk · retrieved 2026-09-04