Commentary on Individual Duties Chapter 3: Declaration of Interest in Existing Transaction Or Arrangement Section 182: Declaration of interest in existing transaction or arrangement
360.This section requires a director to declare the nature and extent of any direct or indirect interest that he has in any transaction or arrangement entered into by the company. It replaces the provision made by section 317 of the 1985 Act.
361.This chapter differs from the provisions of that section in a number of important respects. The main points are summarised below.