Companies Act 2006

[F1Directors: duties relating to ID verification and notificationU.K.

Textual Amendments

F1S. 167M and cross-heading inserted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 43, 219(1)(2)(b)

167MProhibition on director acting unless ID verifiedU.K.

(1)An individual must not act as a director of a company unless the individual’s identity is verified (see section 1110A).

(2)A company must ensure that an individual does not act as a director unless the individual’s identity is verified (see section 1110A).

(3)A person who contravenes subsection (1) commits an offence.

(4)If a company contravenes subsection (2) an offence is committed by—

(a)the company, and

(b)every officer of the company who is in default.

For this purpose a shadow director is treated as an officer of the company.

(5)A person guilty of an offence under this section is liable on summary conviction—

(a)in England and Wales, to a fine;

(b)in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.

(6)The only consequences of contravening subsections (1) and (2) are the offences provided for by this section (so that, for example, a contravention does not in any way affect the validity of an individual’s acts as a director).]

[F2167NProhibition on acting unless directorship notifiedU.K.

(1)This section applies where—

(a)a person has become a director of a company otherwise than on its incorporation, and

(b)notice under section 167G of the person having done so has not been given within the period mentioned in subsection (6) of that section.

(2)The person may not act as a director of the company until notice is given under section 167G.

(3)A person who contravenes subsection (2) commits an offence.

(4)Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.

(5)It is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section 167G.

(6)A person guilty of an offence under this section is liable on summary conviction—

(a)in England and Wales, to a fine;

(b)in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.

(7)The only consequence of a contravention of subsection (2) is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of a person’s acts as a director).]

Textual Amendments

F2S. 167N inserted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 44, 219(1)(2)(b)