Companies Act 2014 section 826

"Company that has a restricted person" — meaning of that expression in sections 827 to 834

Section 826 defines what is meant by the phrase "company that has a restricted person" for the purposes of sections 827 to 834, which impose various requirements and consequences on such companies.

• A "company that has a restricted person" is a company where a restricted person serves as director or secretary, whether formally appointed or acting in that role informally or indirectly.
• It also covers a company in whose promotion or formation a restricted person was involved.
• The definition captures both direct and indirect involvement by a restricted person in the management or creation of the company.
• This definition is central to the rules in sections 827 to 834, which set out the obligations and restrictions that apply when a restricted person is connected with a company.