# Companies Act 1985, Paragraph 18

Extent: E+W+S

(1) An obligation imposed on a director by virtue of section 324(2)(c) to notify a company is not discharged in the absence of inclusion in the notice of a statement of the consideration for the assignment (or, if it be the case that there is no consideration, that fact).
(2) Where an event of whose occurrence a director is, by virtue of section 324(2)(d), under obligation to notify a company consists in his assigning a right, the obligation is not discharged in the absence of inclusion in the notice of a similar statement.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/13/paragraph/18 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-13/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.