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12In Schedule 10 (punishment of offences), before the entry relating to paragraph 4(3) of Schedule 7 there are inserted the following entries—
“Sch. A1, para. 9(2). | Directors failing to notify nominee of beginning of moratorium. | 1. On indictment. | 2 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 10(3). | Nominee failing to advertise or notify beginning of moratorium. | Summary. | One-fifth of the statutory maximum. |
Sch. A1, para. 11(2). | Nominee failing to advertise or notify end of moratorium. | Summary. | One-fifth of the statutory maximum. |
Sch. A1, para. 16(2). | Company and officers failing to state in correspondence etc. that moratorium in force. | Summary. | One-fifth of the statutory maximum. |
Sch. A1, para. 17(3)(a). | Company obtaining credit without disclosing existence of moratorium. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
Sch. A1, para. 17(3)(b). | Obtaining credit for company without disclosing existence of moratorium. | 1. On indictment. | 2 years or a fine, or both. |
Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 18(3)(a). | Company disposing of property otherwise than in ordinary way of business. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
Sch. A1, para. 18(3)(b). | Authorising or permitting disposal of company property. | 1. On indictment. | 2 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 19(3)(a). | Company making payments in respect of liabilities existing before beginning of moratorium. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
Sch. A1, para. 19(3)(b). | Authorising or permitting such a payment. | 1. On indictment. | 2 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 20(9). | Directors failing to send to registrar office copy of court order permitting disposal of charged property. | Summary. | One-fifth of the statutory maximum. |
Sch. A1, para. 22(1). | Company disposing of charged property. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
Sch. A1, para. 22(2). | Authorising or permitting such a disposal. | 1. On indictment. | 2 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 23(1)(a). | Company entering into market contract, etc. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
Sch. A1, para. 23(1)(b). | Authorising or permitting company to do so. | 1. On indictment. | 2 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 25(6). | Nominee failing to give notice of withdrawal of consent to act. | Summary. | One-fifth of the statutory maximum. |
Sch. A1, para. 34(3). | Nominee failing to give notice of extension of moratorium. | Summary. | One-fifth of the statutory maximum. |
Sch. A1, para. 41(2). | Fraud or privity to fraud in anticipation of moratorium. | 1. On indictment. | 7 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 41(3). | Fraud or privity to fraud during moratorium. | 1. On indictment. | 7 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 41(7). | Knowingly taking in pawn or pledge, or otherwise receiving, company property. | 1. On indictment. | 7 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both. | ||
Sch. A1, para. 42(1). | False representation or fraud for purpose of obtaining or extending moratorium. | 1. On indictment. | 7 years or a fine, or both. |
2. Summary. | 6 months or the statutory maximum, or both.” |
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