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The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009

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The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009, Section 71 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Daily default fineU.K.

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71.  Section 1125 applies to LLPs for the purposes of these Regulations as follows—

Meaning of “daily default fine”

1125.(1) This section defines what is meant in the Companies Acts where it is provided that a person guilty of an offence is liable on summary conviction to a fine not exceeding a specified amount “and, for continued contravention, a daily default fine” not exceeding a specified amount.

(2) This means that the person is liable on a second or subsequent summary conviction of the offence to a fine not exceeding the latter amount for each day on which the contravention is continued (instead of being liable to a fine not exceeding the former amount)..

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