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Regulation 10 Offence

Original text. Later amendments are not shown.

(1)

Where a company fails, without reasonable excuse, to comply with any requirement in regulations 2 to 9, 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 paragraph (1) is liable on summary conviction to—

(a)

a fine not exceeding level 3 on the standard scale; and

(b)

for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

(3)

For the purposes of this regulation a shadow director is to be treated as an officer of the company.