# Companies Act 1985, Paragraph 18

Extent: E+W+S+N.I.

Paragraphs 15 and 16 do not apply in relation to the following transactions, arrangements and agreements—
(a) a transaction, arrangement or agreement between one company and another in which a director of the former or of its subsidiary or holding company is interested only by virtue of his being a director of the latter;
(b) a contract of service between a company and one of its directors or a director of its holding company, or between a director of a company and any of that company’s subsidiaries;
(c) a transaction, arrangement or agreement which was not entered into during the financial year and which did not subsist at any time during that year.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/6/part/II/paragraph/18 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-6/part-II/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.