This is also new. It was recommended by the Committee and again it must be regarded in conjunction with Sections 186 and 187.
SECTION 188.
Question proposed : " That Section 188 stand part of the Bill."
This is for take-over bids.
It would come into operation in the case of take-over bids.
What it is really aimed at is that directors cannot pay for those services done for them at the expense of the company.
Yes.
It is a highly desirable provision.
Question put and agreed to.