C3Part 37Companies: supplementary provisions

Annotations:
Modifications etc. (not altering text)

Company records

C1I1C21138Duty to take precautions against falsification

1

Where company records are kept otherwise than in bound books, adequate precautions must be taken—

a

to guard against falsification, and

b

to facilitate the discovery of falsification.

2

If a company fails to comply with this section, an offence is committed by every officer of the company who is in default.

3

A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

4

This section does not apply to the documents required to be kept under—

a

section 228 (copy of director's service contract or memorandum of its terms); or

b

section 237 (qualifying indemnity provision).