Companies Act 2014
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Directors' expenses | ||
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244. (1) Section 239 does not prohibit a company from doing anything— | ||
(a) to provide any of its directors with funds to meet vouched expenditure properly incurred or to be incurred by him or her— | ||
(i) for the purposes of the company, or | ||
(ii) for the purpose of enabling him or her properly to perform his or her duties as an officer of the company, | ||
or | ||
(b) to enable any of its directors to avoid incurring such expenditure. | ||
(2) Where a company enters into any transaction that is permitted by subsection (1), any liability falling on any person arising from any such transaction shall be discharged by him or her within 6 months after the date on which it was incurred. | ||
(3) A person who contravenes subsection (2) shall be guilty of a category 4 offence. |