# Companies Act 2006, Section 192: Exception for transactions with members or other group companies


Approval is not required under section 190 (requirement of members' approval for substantial property transactions)—
(a) for a transaction between a company and a person in his character as a member of that company, or
(b) for a transaction between—
(i) a holding company and its wholly-owned subsidiary, or
(ii) two wholly-owned subsidiaries of the same holding company.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/192 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-192
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.