SCHEDULES
SCHEDULE 3Amendments of remaining provisions of the Companies Act 1985 relating to offences
Wrongful disclosure of information to which section 449 applies
3
(1)
Section 449 of the Companies Act 1985 (wrongful disclosure of information obtained in course of company investigation) is amended as follows.
(2)
For subsection (6)(a) and (b) substitute “
is guilty of an offence.
”
(3)
After subsection (6) insert—
“(6A)
A person guilty of an offence under this section is liable—
(a)
on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);
(b)
on summary conviction—
(i)
in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);
(ii)
in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).”.
(4)
Omit subsection (7).