Register of directors' Interests
What’s a register of directors' interests and when do you need one?
A register of directors’ interests is something that you must have in place where you have a limited company.
It contains the key information about a particular director's interests: for example, if shares are involved, the number of shares and the price a director paid for these.
A director could be an individual – and usually is – but it could also be a corporate entity too.
Take a look at our guide to directors duties and liabilities for more information about how directors operate and what they can and cannot do in relation to your business.
Many of these rights and duties are set out in law, and your articles of association (which is essentially your company’s rule book) will also contain rules about their decision-making capabilities and rights. (You may have modified your articles of association to augment these powers and duties.)
This register is part of our suite of registers, often called the ‘statutory books’, that a limited company must have in place.
Other registers within this suite include:
- Register of secretaries
- Register of debentures
- Register of directors
- Register of directors' residential addresses
- Register of members and share ledger
- Register of mortgages and charges
- Register of persons with significant control (PSCs)
- Register of relevant legal entities (RLEs)
- Register of share applications and allotments
- Register of transfers
Not all of these will be relevant to your business in its initial stages of setup and development, but many, if not all, of them, will be relevant as your business grows.
You'll need to have them in place and to keep them up to date. Some are mandatory from the outset.
Often, accountants and lawyers, advisers, formation agents and/or administrative agencies will offer variously priced services to help you to manage these administrative obligations.
But you can keep them up to date on Farillio yourself for no additional cost.