(1) The Secretary of State may by regulations make provision conferring power on the registrar to impose a financial penalty on a person if satisfied, beyond reasonable doubt, that the person has engaged in conduct amounting to a relevant offence under this Act.
(2) "Relevant offence under this Act" means any offence under this Act other than an offence under a provision contained in -
(a) Part 12 (company secretaries);
(b) Part 13 (resolutions and meetings);
(3) The regulations may include provision -
(a) about the procedure to be followed in imposing penalties;
(b) about the amount of penalties;
(c) for the imposition of interest or additional penalties for late payment;
(d) conferring rights of appeal against penalties;
(e) about the enforcement of penalties.
(4) Provision made under subsection (3)(b) must ensure that the maximum financial penalty that may be imposed does not exceed £10,000.
(5) The regulations must provide that -
(a) no financial penalty may b
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