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The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011

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23.  In regulation 64 (punishment for fraudulent trading)—

(a)in paragraph (1)(a), for “two” substitute “ten”;

(b)for paragraph (1)(b), substitute—

(b)on summary conviction—

(i)in England and Wales, to imprisonment for a term not exceeding twelve months or a fine not exceeding the statutory maximum (or both);

(ii)in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months or a fine not exceeding the statutory maximum (or both)..

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