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Director disclosures: MBP-1 and DIR-8 explained

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Every director gives the company two declarations: MBP-1, listing their interests in other companies and firms, and DIR-8, confirming they are not disqualified. Both are given to the company, not filed with the Registrar, and are needed at the first board meeting and every year after.

MBP-1: disclosure of interest

Under Section 184(1), every director discloses their concern or interest in any company, body corporate, firm or association of individuals, including shareholding. It is given:

  • At the first board meeting they attend as a director.
  • At the first board meeting of every financial year.
  • Whenever there is a change in the disclosures, at the next board meeting.

A director who is interested in a contract or arrangement under discussion must disclose it and, in most cases, not take part in that item.

DIR-8: non-disqualification

DIR-8 is the director's intimation that they are not disqualified under Section 164, for example for non-filing by another company they direct, or for certain convictions. It is given before appointment or re-appointment, and annually before the directors' report.

Where they go

Both forms are placed before the board and kept with the company's records. The details from MBP-1 also feed into the register of contracts (MBP-4) and related-party disclosures in the financial statements.

Frequently asked questions

No. They are given to the company and kept on record. The auditor and Registrar may check them.

Section 184 provides for fines and imprisonment, and the contract may be voidable at the company's option.

This guide is general information, not legal advice. Government fees and procedures change; confirm current figures before you file.

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