PART IV Management and Administration.

Directors and other Officers.

186 Duty of directors to disclose age to company.
(1) Any person who is appointed or to his knowledge proposed to be appointed director of a company subject to the last foregoing section at a time when he has attained any retiring age applicable to him as director either under this Act or under the company's articles shall give notice of his age to the company:
Provided that this subsection shall not apply in relation to a person's reappointment on the termination of a previous appointment as director of the company.
(2) Any person who—
(a) fails to give notice of his age as required by this section; or
(b) acts as director under any appointment which is invalid or has terminated by reason of his age;
shall be liable to a fine not exceeding five pounds for every day during which the failure continues or during which he continues to act as aforesaid.
(3) For the purposes of the last foregoing subsection, a person who has acted as director under an appointment which is invalid or has terminated shall be deemed to have continued so to act throughout the period from the invalid appointment or the date on which the appointment terminated, as the case may be, until the last day on which he is shown to have acted thereunder.