
1 
This Order may be cited as the Companies (Fair Dealing by Directors) (Increase in Financial Limits) Order 1990 and shall come into force on 31st July 1990.
2 
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”
John Redwood
Parliamentary Under Secretary of State,
Department of Trade and Industry
9th July 1990