Section 679(2)

Subsection (1) does not prohibit a company from giving financial assistance for the acquisition of shares in its holding company if— and the assistance is given in good faith in the interests of the company. the company's principal purpose in giving the assistance is not to give it for the purpose of any such acquisition, or the giving of the assistance for that purpose is only an incidental part of some larger purpose of the company,

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