Regulation 83 Directors' duties
(1) The provisions of the Companies Act 2006 specified in the first column of Table 3 apply to the directors of a protected cell company as they apply to the directors of a company incorporated under the Companies Act 2006 with any modification specified in the second column of Table 3.
Table 3
|
Provision of Companies Act 2006 |
Modification |
|---|---|
|
Sections 170 [Section 170 was amended by section 89 of the Small Business, Enterprise and Employment Act 2015 (c. 26).] and 171 |
|
|
In subsection (1)(f), the reference to members is to be treated as a reference to shareholders, and the need to act fairly as between shareholders of the protected cell company is to be assessed for each part of the protected cell company separately. |
|
(2) The directors of a protected cell company also owe a duty to the protected cell company to -