# Companies Act 2006, Section 572: Liability for false statement in directors' statement


(1) This section applies in relation to a directors' statement under section 571 (special resolution disapplying pre-emption rights) that is sent, submitted or circulated under subsection (7) of that section.
(2) A person who knowingly or recklessly authorises or permits the inclusion of any matter that is misleading, false or deceptive in a material particular in such a statement commits an offence.
(3) A person guilty of an offence under this section is liable—
(a) on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);
(b) on summary conviction—
(i) in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);
(ii) in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).

---
Source: https://www.legislation.gov.uk/ukpga/2006/46/section/572 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-572
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.