[1225D Financial penalties: general]
[1225D Financial penalties: general]
Companies Act 2006 | Legislation

[(1)     A financial penalty imposed on a body under this section is a financial penalty of such amount as the Secretary of State considers appropriate, subject to subsection (2).

(2)     In deciding what amount is appropriate the Secretary of State—

(a)     must have regard to the nature of the requirement which is not satisfied or the obligation which has not been complied with; and

(b)     must not take into account the Secretary of State's costs in discharging functions under this Part.

(3)     A financial penalty under this section is payable to the Secretary of State.