607 Penalty for contravention of this Chapter
Companies Act 2006 | Legislation

607  Penalty for contravention of this Chapter

(1)     This section applies where a company contravenes—

section 593 (public company allotting shares for non-cash consideration), or

section 598 (public company entering into agreement for transfer of non-cash asset).

(2)     An offence is committed by—

(a)     the company, and

(b)     every officer of the company who is in default.

(3)     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.

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