24(1)Schedule 24 (punishment of offences) is amended as follows.U.K.
(2)The existing entries for provisions in Part VII are amended as follows, and shall be re-ordered according to the new order of the sections in that Part:
| Provision of Part VII | Amendment |
|---|---|
| 223(1) | In column 1, for “223(1)” substitute “221(5) or 222(4)”. |
| 223(2) | In column 1, for “223(2)” substitute “222(6)”. |
| In column 2, for “222(4)” substitute “222(5)”. | |
| 231(3) | In column 1, for “231(3)” substitute “231(6)”. |
| 231(4) | In column 1, for “231(4)” substitute “232(4)”. |
| In column 2, for “Schedule 5, Part V” substitute “Schedule 6, Part I”. | |
| 235(7) | In column 1, for “235(7)” substitute “234(5)”. |
| In column 2, for “the section” substitute “Part VII”. | |
| 238(2) | In column 1, for “238(2)” substitute “233(6)”. |
| 240(5) | In column 1, for “240(5)” substitute “238(5)”. |
| In column 2, for “company balance sheet” substitute “company’s annual accounts”. | |
| 243(1) | In column 1, for “243(1)” substitute “241(2) or 242(2)”. |
| In column 2, for “company accounts” substitute “company’s annual accounts, directors’ report and auditors’ report”. | |
| 245(1) | Omit the entry. |
| 245(2) | Omit the entry. |
| 246(2) | In column 1, for “246(2)” substitute “239(3)”. |
| In column 2, after “accounts” insert “and reports”. | |
| 254(6) | In column 1, for “254(6)” substitute “240(6)”. |
| In column 2, for the present words substitute “Failure to comply with requirements in connection with publication of accounts”. | |
| 255(5) | Omit the entry. |
| 260(3) | Omit the entry. |
(3)At the appropriate places insert the following new entries—
| “233(5) | Approving defective accounts. | 1. On indictment. | A fine |
| 2. Summary. | The statutory maximum. | ||
| 234A(4) | Laying, circulating or delivering directors’ report without required signature. | Summary. | One-fifth of the statutory maximum. |
| 236(4) | Laying, circulating or delivering auditors’ report without required signature. | Summary. | One-fifth of the statutory maximum. |
| 251(6) | Failure to comply with requirements in relation to summary financial statements. | Summary. | One-fifth of the statutory maximum.”. |
(4)In the entry for section 703(1) (failure by oversea company to comply with requirements as to accounts and reports), in column 2 for the words from “s.700” to the end substitute “requirements as to accounts and reports”.