Ireland · Directors and the secretary
Notifying interests in shares and debentures and the register of directors' and secretaries' interests
the Companies Act 2014 · sections 262, 263 and 265 to 269
Where the problem is
The notification periods are short and they differ. A notification required by section 263(2) or (7) must be made to the company within 5 days after the date of the event that gave rise to the duty (section 265(5)). The alternative means in section 265(4) is the delivery to the company, within 8 days after the date of the event, of a written statement by or on behalf of the person concerned. A third route, in section 265(2), is the delivery of an instrument of transfer within 30 days after the date of the instrument.
The company then has its own duty. Whenever it receives information from a director or secretary in consequence of a duty arising under section 261, 262 or 263, it must act on that information in the manner section 267(3) requires. Unless the register is in a form that constitutes an index in itself, the company must keep an index of the names entered in it, meeting the requirements section 268(1) sets.
What the Companies Act 2014 requires
Sections 262 and 263 impose the duty of notification on a director or secretary, and extend it to the interests the Act attributes to that person. Section 265 sets the means and the periods for making a notification, including the 5-day, 8-day and 30-day routes described above. Section 266(5) sets the condition on which certain information need not be entered, which turns on the identity of the officer, the holding, acquisition or disposal and the consideration being recorded elsewhere.
Sections 267 to 269 govern the register of directors' and secretaries' interests, the index, the period for which entries are kept, the right of members and others to inspect and the position when the company ceases to be within the relevant category. The register is one of the documents to which the section 216 inspection and copying rules apply.
The tool that solves it
Files 40 and 41 of the IE-COMPANY package cover this situation. File 40 works through each notifiable event, the route used, the date of the event and the date the notification reached the company. File 41 works through the register itself, the index, what was entered, when, and how requests to inspect or copy were handled. The output records each duty in sections 262 to 269 with a status and the evidence behind it.
This situation is covered by these files from the pack IE-COMPANY
- File 40 · Notification by directors and secretaries of interests in shares and debentures
- File 41 · The register of directors' and secretaries' interests
Files for this situation
Free · this situation only
The working files named above cover this situation. You take them from your free ComplianceSME account when this situation arises, and you come back to the site for the next situation.
You take the starter pack first: PRINT_ME_FIRST.pdf, the training file T_TRAIN, the four volumes of the reference file T_HELP, and File 1, which builds the ENTITY_PASSPORT.md that the other files require. The situations open in your account once you have taken the starter pack.
Take the files for this situationThe free system
Free · with a free account
The ComplianceSME system for the Companies Act 2014 is free. It needs a free ComplianceSME account. It is engineered for Claude and runs in a dedicated Claude account. It holds 215 working files. You take the starter pack first, and after that the files for one situation at a time, as each situation arises.
The starter pack holds PRINT_ME_FIRST.pdf, the training file T_TRAIN, the four volumes of the reference file T_HELP, and File 1, which builds the ENTITY_PASSPORT.md that every other working file requires. Print PRINT_ME_FIRST.pdf and read it before any other file.
The system is engineered for Claude and runs in a dedicated Claude account. Upload the files, type START, and the system asks you one question at a time until it has built your documentation, citing the section at every point.
Take the starter packComplianceSME tracks the Companies Act 2014 and issues update files through the membership, so that you are never working from a superseded version. Membership
- Company size, the financial year and accounting records
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