# Companies Act 1948, Section 414: Penalties.


If any oversea company fails to comply with any of the foregoing provisions of this Part of this Act the company, and every officer or agent of the company who knowingly and wilfully authorises or permits the default, shall be liable to a fine not exceeding fifty pounds, or, in the case of a continuing offence, five pounds for every day during which the default continues.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/414 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-414
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.