{
  "url": "https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/schedule-6/paragraph-24",
  "json_url": "https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/schedule-6/paragraph-24.json",
  "legislation": "nisi/1986/1032",
  "legislation_title": "The Companies (Northern Ireland) Order 1986 (revoked)",
  "legislation_url": "https://openlegislation.uk/companies-northern-ireland-order-1986-revoked",
  "path": "schedule/6/paragraph/24",
  "kind": "paragraph",
  "number": "24",
  "heading": "Excluded transactions",
  "text": "(1) In relation to a company's accounts for a financial year, compliance with this Part is not required in the case of transactions of a kind mentioned in sub-paragraph (2) which are made by the company or a subsidiary of it for a person who at any time during that financial year was a director of the company or of its holding company, or was connected with such a director, if the aggregate of the values of each transaction, arrangement or agreement so made for that director or any person connected with him, less the amount (if any) by which the liabilities of the person for whom the transaction or arrangement was made has been reduced, did not at any time during the financial year exceed £5,000.\n(2) The transactions in question are—\n(a) credit transactions,\n(b) guarantees provided or securities entered into in connection with credit transactions,\n(c) arrangements within section 203 of the Companies Act 2006 relating to credit transactions, and\n(d) agreements to enter into credit transactions.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "1990 NI 5"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 6 para. 24(2)(c) substituted (1.10.2007 with effect as mentioned in Sch. 4 para. 22(11) of the amending S.I.) by Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007 (S.I. 2007/2194), arts. 1(3), 10(1), Sch. 4 para. 22(5) (with art. 12)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1986/1032/schedule/6/paragraph/24",
    "retrieved_at": "2026-10-29T04:48:35.100869+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}