SCHEDULES

SCHEDULE 2Minor and consequential amendments relating to Part 1

Part 2Amendments relating to accounts and reports

Companies Act 1985 (c. 6)

I110

1

Schedule 24 (punishment of offences) is amended as follows.

2

After the entry relating to section 234(5) insert—

234ZA(6)

Making a statement in a directors' report as mentioned in section 234ZA(2) which is false

1. On indictment

2. Summary

2 years or a fine; or both

12 months or the statutory maximum; or both

3

After the entry relating to section 241A(10) insert—

245E(3)

Using or disclosing tax information in contravention of section 245E(1) or (2)

1. On indictment

2. Summary

2 years or a fine; or both

12 months or the statutory maximum; or both

245G(7)

Disclosing information in contravention of section 245G(2) and (3)

1. On indictment

2. Summary

2 years or a fine; or both

12 months or the statutory maximum; or both

4

For the entries relating to sections 389A(2), 389A(3) and 389A(4) substitute—

389B(1)

Person making false, misleading or deceptive statement to auditor

1. On indictment

2. Summary

2 years or a fine; or both

12 months or the statutory maximum; or both

389B(2)

Failure to provide information or explanations to auditor

Summary

Level 3 on the standard scale

389B(4)

Parent company failing to obtain from subsidiary undertaking information for purposes of audit

Summary

Level 3 on the standard scale