1. UK Company Law
  2. Legislation (UK)
  3. Acts
  4. 2006
Date-stamp loading
  1. Companies Act 2006 (c. 46)
  2. Part 18 Acquisition by limited company of its own shares (ss. 658-737)
  3. Chapter 1 General provisions (ss. 658-676)
  4. Shares held by or for public company (ss. 662-669)
  5. 667. Offence in case of failure to cancel shares or re-register
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2009 - onwards
  Version 2 of 2    

667. Offence in case of failure to cancel shares or re-register

(1) This section applies where a company, when required to do by section 662 -

(a) fails to cancel any shares, or

(b) fails to make an application for re-registration as a private company,

within the time specified in subsection (3) of that section.

(2) An offence is committed by -

(a) the company, and

(b) every officer of the company who is in default.

(3) A person guilty of an offence under this section 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.

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