(1)
A company shall, within 14 days from—
(a)
a person becoming or ceasing to be a director ; or
(b)
the occurrence of any change in the particulars contained in its register of directors or residential addresses, give notice to the Commission of the change and of the date on which it occurred.
(2)
Notice of a person having become a director of the company shall—
(a)
contain a statement of the particulars of the new director that are required to be included in the company’s register of directors and its register of directors’ residential addresses ; and
(b)
be accompanied by a consent, by that person, to act in that capacity.
(3)
Where—
(a)
a company gives notice of a change of a director’s service address as stated in the company’s register of directors ; and
(b)
the notice is not accompanied by notice of any resulting change in the particulars contained in the company’s register of directors’ residential addresses, the notice shall be accompanied by a statement that no such change is required.
(4)
If default is made in complying with this section, the company and each officer of the company are liable to a penalty for every day during which the default continues.