# Companies Act 1948, Section 421: Penalty for contravention of four foregoing sections.


Any person who is knowingly responsible for the issue, circulation or distribution of a prospectus, or for the issue of a form of application for shares or debentures, in contravention of any of the provisions of the four last foregoing sections shall be liable to a fine not exceeding five hundred pounds.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/421 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-421
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.