WebA company which provides any permitted indemnity to its directors must disclose the indemnity provision in the directors’ report under section 470 of the New Companies Ordinance. It must also keep a copy of any permitted indemnity at its registered office until one year after its expiry and make it available for inspection by members on request Web6. Additional Indemnification. (a) Notwithstanding any limitation in Sections 3, 4 or 5, the Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, …

Companies Act 2006 - Explanatory Notes - Legislation.gov.uk

WebThe phrase “to the maximum extent permitted by law” in an Indemnity Deed is important as it incorporates limitations and prohibitions, imposed by the Corporations Act, on a company’s right to indemnify its directors and officers for liability and legal costs (which is discussed further below). WebSection 469 permits a company to indemnify a director against liability incurred by the director to a third party provided that the indemnity does not relate to: criminal fines; regulatory penalties; defence costs of criminal proceedings in which … crypto news news

The Corporate Guide: Directors’ and Officers’ Indemnification …

WebA company which provides any permitted indemnity to its directors or its associated company’s directors must disclose the indemnity provision in the directors’ report ( … Web(2) Pension scheme indemnity provision means provision indemnifying a director of a company that is a trustee of an occupational pension scheme against liability incurred in … Web17. jún 2010 · Any indemnities given to directors have to be disclosed each year in the directors’ report that accompanies the audited accounts and their terms have to be available to shareholders at all times. These rules apply also where one company in a group indemnifies the directors of another. crypto news of the week