Complying With Company Law When Giving Loans To Directors & Connected Persons

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Section 31 of the Companies Act 1990 imposes strict rules on Irish companies when granting loans, quasi loans, guarantees and security for loans to directors or connected persons. These rules are designed to protect company assets in the interests of its shareholders and creditors and prevent directors from abusing their position in a company.

The following areas in particular will be discussed:

  • What are the rules;
  • Who do the rules apply to;
  • Definition of a connected person;
  • Exceptions to the rules; and
  • Consequences of a breach of company law.

To learn more about Complying With Company Law Regulations When Giving Loans To Directors And Connected Persons, please complete the form to watch our recorded webinar.

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