# Companies Act 1985, Paragraph 14

Extent: E+W+S

(1) An obligation imposed on a person by section 324(1) to notify an interest must, if he knows of the existence of the interest on the day on which he becomes a director, be fulfilled before the expiration of the period of 5 days beginning with the day following that day.
(2) Otherwise, the obligation must be fulfilled before the expiration of the period of 5 days beginning with the day following that on which the existence of the interest comes to his knowledge.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/13/paragraph/14 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-13/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.