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39(1)Schedule 10 (punishment of offences) shall be amended as follows.
(2)After the entries for Schedule A1 insert—
“Sch. B1, para. 18(7). | Making false statement in statutory declaration where administrator appointed by holder of floating charge. | 1. On indictment. | 2 years, or a fine or both. | |
2. Summary. | 6 months, or the statutory maximum or both. | |||
Sch. B1, para. 20. | Holder of floating charge failing to notify administrator or others of commencement of appointment. | 1. On indictment. | 2 years, or a fine or both. | One-tenth of the statutory maximum. |
2. Summary. | 6 months, or the statutory maximum or both. | |||
Sch. B1, para. 27(4). | Making false statement in statutory declaration where appointment of administrator proposed by company or directors. | 1. On indictment. | 2 years, or a fine or both. | |
2. Summary. | 6 months, or the statutory maximum or both. | |||
Sch. B1, para. 29(7). | Making false statement in statutory declaration where administrator appointed by company or directors. | 1. On indictment. | 2 years, or a fine or both. | |
2. Summary. | 6 months, or the statutory maximum or both. | |||
Sch. B1, para. 32. | Company or directors failing to notify administrator or others of commencement of appointment. | 1. On indictment. | 2 years, or a fine or both. | One-tenth of the statutory maximum. |
2. Summary. | 6 months, or the statutory maximum or both. | |||
Sch. B1, para. 45(2). | Administrator, company or officer failing to state in business document that administrator appointed. | Summary. | One-fifth of the statutory maximum. | |
Sch. B1, para. 46(9). | Administrator failing to give notice of his appointment. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 48(4). | Failing to comply with provisions about statement of affairs where administrator appointed. | 1. On indictment. | A fine. | One-tenth of the statutory maximum. |
2. Summary. | The statutory maximum. | |||
Sch. B1, para. 49(7). | Administrator failing to send out statement of his proposals. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 51(5). | Administrator failing to arrange initial creditors' meeting. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 53(3). | Administrator failing to report decision taken at initial creditors' meeting. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 54(7). | Administrator failing to report decision taken at creditors' meeting summoned to consider revised proposal. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 56(2). | Administrator failing to summon creditors' meeting. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 71(6). | Administrator failing to file court order enabling disposal of charged property. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 72(5). | Administrator failing to file court order enabling disposal of hire-purchase property. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 77(3). | Administrator failing to notify Registrar of Companies of automatic end of administration. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 78(6). | Administrator failing to give notice of extension by consent of term of office. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 80(6). | Administrator failing to give notice of termination of administration where objective achieved. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 84(9). | Administrator failing to comply with provisions where company moves to dissolution. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 86(3). | Administrator failing to notify Registrar of Companies where court terminates administration. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum. |
Sch. B1, para. 89(3). | Administrator failing to give notice on ceasing to be qualified. | Summary. | One-fifth of the statutory maximum. | One-fiftieth of the statutory maximum.” |
(3)Omit the entries for the following provisions—
(a)section 12(2),
(b)section 15(8),
(c)section 18(5),
(d)section 21(3),
(e)section 22(6),
(f)section 23(3),
(g)section 24(7), and
(h)section 27(6).