# Companies Act 1985, Paragraph 5: Penalty for non-compliance

Extent: E+W+S

(1) If a company fails to comply with paragraph 2 before the end of the period allowed for compliance, it, and every person who immediately before the end of that period was a director of it, is guilty of an offence and liable to a fine and, for continued contravention, to a daily default fine.
(2) It is a defence for a person charged with an offence under this paragraph to prove that he took all reasonable steps for securing compliance with paragraph 2.

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Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/21D/paragraph/5 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-21D/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.