Section 8 Punishment of contraventions.
England, Wales and Scotland
An individual who contravenes section 1, 2, 4 or 5 is liable—
on conviction on indictment to imprisonment for a term not exceeding F17 years or a fine, or both, and
on summary conviction to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum, or both.
Proceedings for an offence under this section shall not be instituted in England and Wales except F2by, or with the consent of, the Secretary of State or the Director of Public Prosecutions.
No transaction is void or voidable by reason only that it was entered into in contravention of section 1, 2, 4 or 5.
Annotations
Textual amendments
- F1
Figure substituted by Criminal Justice Act 1988 (c. 33, SIF 39:1), s. 48(1)(2)
- F2
Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 209, 213(2)
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.3.1994) by 1993 c. 36, s. 79(14), Sch. 6 Pt. I; S.I. 1994/242, art. 2