Companies Act, 1963

• Permanent Page URL

General duty to make disclosure for the purposes of sections 190, 191 and 192.

193.—(1) It shall be the duty of every director and secretary of a company to give notice in writing to the company as soon as may be of such matters relating to himself and to his spouse and children as may be necessary for the purposes of section 190.

(2) It shall be the duty of every director of a company to give notice in writing to the company of such matters relating to himself as may be necessary for the purposes of sections 191 and 192 except in so far as the latter section relates to loans made by the company or by any other person under a guarantee from or on a security provided by the company to a director thereof.

(3) If any such notice is not given at a meeting of directors, the director or secretary, as the case may be, giving it shall take reasonable steps to secure that it is brought up and read at the next meeting of the directors after it is given.

(4) Any person who fails to comply with this section shall be liable to a fine not exceeding £100.