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Changes over time for: Section 419
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Version Superseded: 01/01/2018
Status:
Point in time view as at 01/10/2013. This version of this provision has been superseded.
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Changes to legislation:
Companies Act 2006, Section 419 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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419Approval and signing of directors' reportU.K.
This section has no associated Explanatory Notes
(1)The directors' report must be approved by the board of directors and signed on behalf of the board by a director or the secretary of the company.
(2)[If in preparing the report advantage is taken of the small companies exemption,], it must contain a statement to that effect in a prominent position above the signature.
(3)If a directors' report is approved that does not comply with the requirements of this Act, every director of the company who—
(a)knew that it did not comply, or was reckless as to whether it complied, and
(b)failed to take reasonable steps to secure compliance with those requirements or, as the case may be, to prevent the report from being approved,
commits an offence.
(4)A person guilty of an offence under this section is liable—
(a)on conviction on indictment, to a fine;
(b)on summary conviction, to a fine not exceeding the statutory maximum.
Textual Amendments
Modifications etc. (not altering text)
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