Section 159 of The Companies Act No. 17 of 2015: Exception for transactions with members or other group companies
An approval is not required to be obtained under section 158—
(a) for a transaction between a company and a person as a member of the company; or
(b) for a transaction between—
(i) a holding company and its wholly-owned subsidiary; or
(ii) two wholly-owned subsidiaries of the same holding company.
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