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Part 17U.K.A company's share capital

Modifications etc. (not altering text)

C1Pts. 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))

Chapter 10U.K.Reduction of share capital

Reduction of capital confirmed by the courtU.K.

647Offences in connection with list of creditorsU.K.

(1)If an officer of the company—

(a)intentionally or recklessly—

(i)conceals the name of a creditor entitled to object to the reduction of capital, or

(ii)misrepresents the nature or amount of the debt or claim of a creditor, or

(b)is knowingly concerned in any such concealment or misrepresentation,

he commits an offence.

(2)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.