Section 1177 | Repeal of certain provisions about company directors

The following provisions of Part 10 of the Companies Act 1985 shall cease to have effect—

section 311 (prohibition on tax-free payments to directors);

sections 323 and 327 (prohibition on directors dealing in share options);

sections 324 to 326 and 328 to 329, and Parts 2 to 4 of Schedule 13 (register of directors' interests);

sections 343 and 344 (special procedure for disclosure by banks).