# Companies Act 2006, Section 1125: Meaning of “daily default fine”


(1) This section defines what is meant in the Companies Acts where it is provided that a person guilty of an offence is liable on summary conviction to a fine not exceeding a specified amount “and, for continued contravention, a daily default fine” not exceeding a specified amount.
(2) This means that the person is liable on a second or subsequent summary conviction of the offence to a fine not exceeding the latter amount for each day on which the contravention is continued (instead of being liable to a fine not exceeding the former amount).

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/1125 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-1125
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.