Section 679(4)

Subsection (3) does not prohibit a company from giving financial assistance 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 reduce or discharge any liability incurred by a person for the purpose of the acquisition of shares in its holding company, or the reduction or discharge of any such liability is only an incidental part of some larger purpose of the company,

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