C3C2Part 37Companies: supplementary provisions

Annotations:
Modifications etc. (not altering text)
C3

Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Company records

C1I1C41138Duty 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).