If any business of a company is carried on with intent to defraud creditors of the company or creditors of any other person, or for any fraudulent purpose, every person who was knowingly a party to the carrying on of the business in that manner is liable to imprisonment or a fine, or both.
This applies whether or not the company has been, or is in the course of being, wound up.
Modifications etc. (not altering text)
C1S. 458 extended (with modifications) by S.I. 1989/638, regs. 18, 21, Sch. 4 para. 12
C2S. 458 applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. I