# Companies Act 1967 (repealed), Section 87: Penalty on friendly society for offence under Industrial Assurance Act 1923.

Extent: E+W+S

The maximum penalty that may be inflicted on a society registered under the Friendly Societies Act 1896, being a friendly society within the meaning of that Act, for an offence under the Industrial Assurance Act 1923 committed after the passing of this Act shall, instead of being a fine not exceeding £100 or, in the case of a continuing offence, a fine not exceeding £50 a day during which the offence continues, be a fine not exceeding £200; and, accordingly, section 39(1) of the said Act of 1923 shall, in relation to an offence under that Act so committed by a society so registered, being such a friendly society as aforesaid, have effect with the substitution, for the proviso thereto, of the following proviso:—
“Provided that the maximum penalty that may be inflicted for an offence under this Act shall be a fine not exceeding £200”.

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Source: https://www.legislation.gov.uk/ukpga/1967/81/section/87 (the official version)
Page: https://openlegislation.uk/companies-act-1967-repealed/section-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.