24.1 INTRODUCTION
S 45 is the equivalent of S226 in the old Act and s 45(2) provides that except to the extent that the companies MOI provides otherwise and subject to s45(3) and s45(4) the board may also authorize the Board of companies direct or indirect financial assistance to
· a director or prescribed officer
· a director or prescribed officer of a company which is related or inter-related to the company
· a company or corporation who is related or inter-related to the company
· a member or corporation who is related or inter- related to the company
· a person who or which is related to the company or any of the above.