Companies Act 2014 section 823

Register of restricted persons

Section 823 requires the Registrar to maintain a public register of individuals who have been declared restricted from acting as company directors due to the insolvency of a company, and sets out how that register is updated when relief is granted or the restriction period expires.

• The Registrar must keep a register recording the details of all persons declared as restricted directors of insolvent companies.
• When a court grants partial relief, the details of that relief must be notified to the Registrar and the Authority within 28 days and added to the register; when full relief is granted, the person's details must be removed from the register.
• A restricted person's details are automatically removed from the register 5 years after the date of the original restriction declaration.
• The Registrar may maintain the register of restricted persons as part of any broader information classification system.