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Changes over time for: Section 245E
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Timeline of Changes
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No versions valid at: 06/04/1997
Status:
Point in time view as at 06/04/1997. This version of this provision is not valid for this point in time.
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Changes to legislation:
There are currently no known outstanding effects for the Companies Act 1985, Section 245E.
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Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Valid from 06/04/2005
245ERestrictions on use and further disclosure of information disclosed under section 245DE+W+S
(1)Information that is disclosed to an authorised person under section 245D may not be used except in or in connection with—
(a)taking steps to discover whether there are grounds for an application to the court as mentioned in section 245D(3)(a);
(b)determining whether or not to make such an application; or
(c)proceedings on any such application.
(2)Information that is disclosed to an authorised person under section 245D may not be further disclosed except—
(a)to the person to whom the information relates; or
(b)in or in connection with proceedings on any such application to the court.
(3)A person who contravenes subsection (1) or (2) is guilty of an offence and liable to imprisonment or a fine, or both.
(4)It is a defence for a person charged with an offence under subsection (3) to prove—
(a)that he did not know, and had no reason to suspect, that the information had been disclosed under section 245D; or
(b)that he took all reasonable steps and exercised all due diligence to avoid the commission of the offence.
(5)Sections 732 (restriction on prosecutions), 733(2) and (3) (liability of individuals for corporate default) and 734 (criminal proceedings against unincorporated bodies) apply to offences under this section.
Modifications etc. (not altering text)
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