Companies Act 2014 section 139

Notification requirement as regards non-residency of director

Section 139 requires a departing director who is resident in an EEA state to notify the Registrar in writing within 14 days if, upon ceasing to be a director, the company will have no remaining director resident in an EEA state.

• A director resident in an EEA state who ceases to hold office must notify the Registrar in writing within 14 days if they were the sole director or if, to their knowledge, no other director is resident in an EEA state.
• The written notification to the Registrar is protected from being treated as defamatory, even if the information about other directors' residency turns out to be inaccurate.
• A director who fails to comply becomes jointly and severally liable with the company for any fine or penalty imposed on the company under section 137(2) after the date they ceased to be a director.
• Any such fine or penalty can be recovered from the former director as a simple contract debt, and the term "director" for these purposes does not include an alternate director.