Companies Act 2014 section 267

Register of interests: contents and entries

Section 267 sets out the requirements for a company to maintain a register of interests recording the shareholdings, debenture holdings, and subscription rights of its directors and secretaries.

• Every company must keep a register of interests, open to inspection, recording information disclosed by directors and secretaries about their interests in shares and debentures.
• When a director or secretary notifies the company of a disclosable interest, the company must enter that information in the register within 3 days of receiving it.
• Where the company grants a director or secretary subscription rights over shares or debentures, or where such rights are exercised, full details must be recorded in the register in chronological order.
• Failure by the company to maintain the register properly is a category 3 offence, applicable to both the company and any officer in default.