Companies Act 2014


F140[Payments to third parties for services of directors

305A. (1) Subject to subsection (3), the notes to the statutory financial statements of a company shall disclose, both for the current and the preceding financial year, the aggregate amount of any consideration paid to, or receivable by, third parties for making available the services of any person

(a) as a director of the company,

(b) as director of any of its subsidiary undertakings, or

(c) otherwise in connection with the management of the companys affairs or any of its subsidiary undertakings.

(2) The amount to be shown for the purposes of subsection (1) shall

(a) include all relevant sums paid by or receivable from

(i) the company,

(ii) the companys subsidiary undertakings,

(iii) any holding undertaking of the company, and

(iv) any other person,


(b) distinguish between the sums respectively paid by, or receivable from, the company, the companys subsidiary undertakings, any holding undertaking of the company and any other persons.

(3) A company that qualifies for the micro companies regime shall be exempt from the requirements of this section.

(4) For the purposes of subsection (1)

(a) (i) the reference to "consideration" includes benefits otherwise than in cash and the reference to "the aggregate amount" is to the estimated monetary value of the benefits, and

(ii) the nature of any such consideration referred to in subparagraph (i) shall be disclosed,


(b) the reference to "third parties" means a person other than

(i) the director or a person connected with that director,

(ii) a body corporate controlled by that director, or

(iii) the company or any of its subsidiary undertakings.]




Inserted (9.06.2017) by Companies (Accounting) Act (9/2017), s. 27, S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.

Modifications (not altering text):


Application of section restricted (1.01.2020) by European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 (S.I. No. 597 of 2019), reg. 15, in effect as per reg. 1(2), (3).

Non-application of certain provisions of Principal Act

15. Sections 281 to 286, 305A, 312, 318, 319, 325(1)(c), (d) and (e), 326(1)(c) and (d) and (2)(d), 328, 338, 339, 341, 375, 381 to 385, 392, 396 to 398, 401 and 402 of the Principal Act shall not apply to a qualifying partnership.