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Companies Act 2006
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Changes over time for: Section 228
Version Superseded: 01/03/2016
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- 01/10/2007- Amendment
- 07/07/2014
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- 06/04/2016- Amendment
- 04/03/2024- Amendment
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228Copy of contract or memorandum of terms to be available for inspectionU.K.
This section has no associated Explanatory Notes
(1)A company must keep available for inspection—
(a)a copy of every director's service contract with the company or with a subsidiary of the company, or
(b)if the contract is not in writing, a written memorandum setting out the terms of the contract.
(2)All the copies and memoranda must be kept available for inspection at—
(a)the company's registered office, or
(b)a place specified in regulations under section 1136.
(3)The copies and memoranda must be retained by the company for at least one year from the date of termination or expiry of the contract and must be kept available for inspection during that time.
(4)The company must give notice to the registrar—
(a)of the place at which the copies and memoranda are kept available for inspection, and
(b)of any change in that place,
unless they have at all times been kept at the company's registered office.
(5)If default is made in complying with subsection (1), (2) or (3), or default is made for 14 days in complying with subsection (4), an offence is committed by every officer of the company who is in default.
(6)A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
(7)The provisions of this section apply to a variation of a director's service contract as they apply to the original contract.
Modifications etc. (not altering text)
C1Ss. 227-230 modified (22.2.2008) by The Northern Rock plc Transfer Order 2008 (S.I. 2008/432), art. 17(1), Sch. para. 2(k)
C2Ss. 227-230 modified (8.00 a.m. on 29.9.2008) by the The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008 (S.I. 2008/2546), art. 13(1)(3), Sch. 1 para. 2(k)
C3Ss. 227-230 modified (9.30 a.m. on 7.10.2008) by The Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008 (S.I. 2008/2644), art. 26, Sch. 2 para. 2(k)
C4Ss. 227-230 modified (retrospective to 30.3.2009 at 8.00 a.m.) by The Amendments to Law (Resolution of Dunfermline Building Society) Order 2009 (S.I. 2009/814), arts. 1(2), 7, Sch. para. 2(k)
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