(1) Where the requirements of section 441 are not complied with in relation to a company's accounts and reports for a financial year before the end of the period for filing those accounts and reports, the company is liable to a civil penalty.
This is in addition to any liability of the directors under section 451.
(2) The amount of the penalty shall be determined in accordance with regulations made by the Secretary of State by reference to—
(a) the length of the period between the end of the period for filing the accounts and reports in question and the
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