Act LX of 2021 introduces various amendments to the Companies Act, to take into account the EU’s Digitalisation Directive (which deals with electronic filings).
Additional duties are imposed on the Registrar of Companies and certain additional requirements are put into place for companies. Additional forms needed to be drawn up. The rules also provide for the appointment of directors and disqualification criteria.
A person applying to be appointed as director of a company is required to sign the Memorandum of the company or to submit a declaration in writing to show explicit consent to be appointed director and to declare whether they are aware of any circumstances that could lead to his or her disqualification, both under Maltese law and under any of the laws of other EU Member States.
Therefore, Form K has now been revamped. It includes a second part which a director uses to signify his or her consent to the appointment. Form K(1) is used for that declaration to be made when a director is being appointed for newly-formed companies.
These forms shall be accepted as of the 01 February 2022.
More on this link: Legislative amendments introduced by Act LX of 2021 – Malta Business Registry (mbr.mt)