Section 173 of The Companies Act No. 17 of 2015: Exceptions for intra-group transactions
(1) An approval is not required under section 164, 165 or 166 for—
(a) the making of a loan or quasi-loan to an associated body corporate; and
(b) the giving of a guarantee or provision of security in connection with a loan or quasi-loan made to an associated body corporate.
(2) An approval is not required under section 167—
(a) to enter into a credit transaction as creditor for the benefit of an associated body corporate; and
(b) to give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of an associated body corporate.
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