Section 141 Penalty for concealing name of creditor, etc.

England, Wales and Scotland

If an officer of the company—

(a)

wilfully conceals the name of a creditor entitled to object to the reduction of capital; or

(b)

wilfully misrepresents the nature or amount of the debt or claim of any creditor; or

(c)

aids, abets or is privy to any such concealment or misrepresentation as is mentioned above,

he is guilty of an offence and liable to a fine.

Notes on Chapter IV

F1: Ss. 126-182 repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2008/2860, art. 4, Sch. 1 (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch.))