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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2008 - onwards
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84. Criminal consequences of failure to make required disclosures

(1) Regulations under section 82 may provide -

(a) that where a company fails, without reasonable excuse, to comply with any specified requirement of regulations under that section an offence is committed by -

(i) the company, and

(ii) every officer of the company who is in default;

(b) that a person guilty of such an offence is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

(2) The regulations may provide that, for the purposes of any provision made under subsection (1), a shadow director of the company is to be treated as an officer of the company.

(3) In subsection (1)(a) "specified" means specified in the regulations.

Comparing proposed amendment...