(1) Where company records are kept otherwise than in bound books, adequate precautions must be taken—
(a) to guard against falsification, and
(b) to facilitate the discovery of falsification.
(2) If a company fails to comply with this section, an offence is committed by every officer of the company who is in default.
(3) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
(4) This section does not
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