Paragraph 27

United Kingdom

In Schedule 24 to the Companies Act 1985—

(a)

in the second column of the entry relating to section 329(3) for the words “stock exchange" there shall be substituted the words “investment exchange"; and

(b)

after the entry relating to section 427(5) there shall be inserted—

“

429(6) Offeror failing to send copy of notice or making statutory declaration knowing it to be false, etc. 1. On indictment. 2 years or a fine; or both.
2. Summary. 6 months or the statutory maximum; or both. One-fiftieth of the statutory maximum.
430A(6) Offeror failing to give notice of rights to minority shareholder. 1. On indictment. A fine. One fiftieth of the statutory maximum.
2. Summary. The statutory maximum.

”

Notes on the whole Act

Textual amendments

F1: Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)

429(6)	Offeror failing to send copy of notice or making statutory declaration knowing it to be false, etc.	1. On indictment.	2 years or a fine; or both.
		2. Summary.	6 months or the statutory maximum; or both.	One-fiftieth of the statutory maximum.
430A(6)	Offeror failing to give notice of rights to minority shareholder.	1. On indictment.	A fine.	One fiftieth of the statutory maximum.
		2. Summary.	The statutory maximum.