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BP » Topics » Section 236 (Qualifying indemnity provision to be disclosed in directors report) of the 2006 Act provides:These excerpts taken from the BP F-3ASR filed Mar 13, 2009. Section 236 (Qualifying indemnity provision to be disclosed in directors report) of the 2006 Act provides: (1) This section requires disclosure in the directors’ report of— (a) qualifying third party indemnity provision, and (b) qualifying pension scheme indemnity provision. Such provision is referred to in this section as “qualifying indemnity provision”. (2) If when a directors’ report is approved any qualifying indemnity provision (whether made by the company or otherwise) is in force for the benefit of one or more directors of the company, the report must state that such provision is in force. (3) If at any time during the financial year to which a directors’ report relates any such provision was in force for the benefit of one or more persons who were then directors of the company, the report must state that such provision was in force. Section 236 (Qualifying indemnity provision to be disclosed in directors report) of the 2006 Act (1) This section requires disclosure in the directors’ report of— (2) If (3) If at any time during the financial year to which a directors’ report relates any such provision was in force for the SIZE="2">(4) If when a directors’ report is approved qualifying indemnity provision made by the company is in force for the benefit of one or more directors of an associated company, the report must state that such provision is in (5) If at any time during the financial year to which a directors’ report relates any such provision was in force SIZE="2">Section 237 (Copy of qualifying indemnity provision to be available for inspection) of the 2006 Act provides: SIZE="2">(1) This section has effect where qualifying indemnity provision is made for a director of a company, and applies— kept available for inspection during that time. (5) The company must give notice to the registrar— SIZE="2">unless it has at all times been kept at the company’s registered office.
II-5 Table of Contents(6) If default is made in complying with subsection (2), (3) or (4), or default is made for (7) A (8) The provisions of this section apply to a variation of a qualifying indemnity provision as they apply to the original (9) In this section “qualifying indemnity provision” means— SIZE="2">(1) Every copy or memorandum required to be kept by a company under section 237 must be open to inspection by any member of the company without charge. every officer of the company who is in default. (4) A person guilty of an offence under this section is liable on summary conviction required be sent to the person requiring it. | EXCERPTS ON THIS PAGE:
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