# Companies Act 2006, Section 607: Penalty for contravention of this Chapter


(1) This section applies where a company contravenes—
section 593 (public company allotting shares for non-cash consideration), or
section 598 (public company entering into agreement for transfer of non-cash asset).
(2) An offence is committed by—
(a) the company, and
(b) every officer of the company who is in default.
(3) A person guilty of an offence under this section is liable—
(a) on conviction on indictment, to a fine;
(b) on summary conviction, to a fine not exceeding the statutory maximum.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/607 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-607
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.