C7C8C6Part 5A company's name

Annotations:
Modifications etc. (not altering text)
C7

Pt. 5 power to apply (with modifications) conferred (E.W.S.) (1.12.2013) by Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c. 7), ss. 4(1)(2)(b), 8(2); S.I. 2013/2936, art. 2

C8

Pt. 5 power to apply (with modifications) conferred (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), ss. 135, 154 (with Sch. 5)

Chapter 6Trading disclosures

C1C2C3I1C4C5C984Criminal consequences of failure to make required disclosures

1

Regulations under section 82 may provide—

a

that where a company fails, without reasonable excuse, to comply with any specified requirement of regulations under that section an offence is committed by—

i

the company, and

ii

every officer of the company who is in default;

b

that a person guilty of such an offence 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.

2

The regulations may provide that, for the purposes of any provision made under subsection (1), a shadow director of the company is to be treated as an officer of the company.

3

In subsection (1)(a) “specified” means specified in the regulations.