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Companies Act 1985

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This is the original version (as it was originally enacted).

PART XVIFraudulent Trading by a Company

458Punishment for fraudulent trading

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.

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