# The Companies (Fair Dealing by Directors) (Increase in Financial Limits) Order 1990, Article 2: Increase in Financial Limits


Part X of the Companies Act 1985 (enforcement of fair dealing by directors) shall be amended as follows:—
(a) in section 320(2) (substantial property transactions involving directors, etc) for “£1,000” substitute “£2,000” and for “£50,000” substitute “£100,000”;
(b) in section 335(1) (minor and business transactions) for “£5,000” substitute “£10,000”;
(c) in section 337(3) (funding of director’s expenditure on duty to company) for “£10,000” substitute “£20,000”;
(d) in section 340(7) (“value” of transactions and arrangements) for “£50,000” substitute “£100,000”; and
(e) in section 344(1) (exceptions from section 343) for “£1,000” substitute “£2,000”

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Source: https://www.legislation.gov.uk/uksi/1990/1393/article/2 (the official version)
Page: https://openlegislation.uk/companies-fair-dealing-by-directors-increase-in-financial-limits-order-1990/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.