Penalty for non-compliance
This section has no associated Explanatory Memorandum
67.—(1) Where a company fails, without reasonable excuse, to comply with any requirement of this Part, an offence is committed by—
(a)the company, and
(b)every officer of the company who is in default.
(2) A person guilty of an offence under paragraph (1) is liable on summary conviction to—
(a)a fine not exceeding level 3 on the standard scale, and
(b)for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
(3) For the purposes of this regulation a shadow director is to be treated as an officer of the company.