General Notice of a Director’s Interests (s.185)

IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW. 

This is a notice of a director’s declaration of interests in accordance with section 185 of the Companies Act 2006.

The Companies Act 2006 has placed requirements on directors to declare their interests in matters and / or connections to people in relation to which their participation or involvement may create a conflict of interest.

Such a declaration may be made either in relation to specific transactions or arrangements, or can be made by general notice, as follows:

- at a meeting of the directors, or 
- by notice in writing (under section 184), or 
- by general notice (under section 185).

This template covers the situation under section 185, i.e. general notice. For a Declaration in relation to a specific transaction, please see here.

A director need not declare an interest in the following circumstances:

- if it cannot reasonably be regarded as likely to give rise to a conflict of interest; 
- if the other directors are already aware of it (and for this purpose the other directors are treated as aware of anything of which they ought reasonably to be aware); or 
- if it concerns terms of his service contract that have been or are to be considered by a meeting of the directors, or by a committee of the directors.

A section 185 notice is not effective unless it is given at a meeting of the directors or the directors take reasonable steps to secure that it is brought up and read at the next meeting of the directors after it is given.

This template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have subscribed to the Corporate Document Folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

General Notice of a Director’s Interests (s.185) is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.