Section 732 Treasury shares: offences

(1)

If a company contravenes any of the provisions of this Chapter (except section 730 (notice of cancellation)), an offence is committed by—

(a)

the company, and

(b)

every officer of the company who is in default.

(2)

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.

Notes on Part 18

C1: Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
C2: Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2