Paragraph 12
In Schedule 10 (punishment of offences), before the entry relating to paragraph 4(3) of Schedule 7 there are inserted the following entries—
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Sch. A1, para. 9(2). Directors failing to notify nominee of beginning of moratorium. 1. On indictment.
2. Summary.
2 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 10(3). Nominee failing to advertise or notify beginning of moratorium. Summary. One-fifth of the statutory maximum. Sch. A1, para. 11(2). Nominee failing to advertise or notify end of moratorium. Summary. One-fifth of the statutory maximum. Sch. A1, para. 16(2). Company and officers failing to state in correspondence etc. that moratorium in force. Summary. One-fifth of the statutory maximum. Sch. A1, para. 17(3)(a). Company obtaining credit without disclosing existence of moratorium. 1. On indictment.
2. Summary.
A fine.
The statutory maximum.
Sch. A1, para. 17(3)(b). Obtaining credit for company without disclosing existence of moratorium. 1. On indictment.
2. Summary.
2 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 18(3)(a). Company disposing of property otherwise than in ordinary way of business. 1. On indictment.
2. Summary.
A fine.
The statutory maximum.
Sch. A1, para. 18(3)(b). Authorising or permitting disposal of company property. 1. On indictment.
2. Summary.
2 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 19(3)(a). Company making payments in respect of liabilities existing before beginning of moratorium. 1. On indictment.
2. Summary.
A fine.
The statutory maximum.
Sch. A1, para. 19(3)(b). Authorising or permitting such a payment. 1. On indictment.
2. Summary.
2 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 20(9). Directors failing to send to registrar office copy of court order permitting disposal of charged property. Summary. One-fifth of the statutory maximum. Sch. A1, para. 22(1). Company disposing of charged property. 1. On indictment.
2. Summary.
A fine.
The statutory maximum.
Sch. A1, para. 22(2). Authorising or permitting such a disposal. 1. On indictment.
2. Summary.
2 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 23(1)(a). Company entering into market contract, etc. 1. On indictment.
2. Summary.
A fine.
The statutory maximum.
Sch. A1, para. 23(1)(b). Authorising or permitting company to do so. 1. On indictment.
2. Summary.
2 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 25(6). Nominee failing to give notice of withdrawal of consent to act. Summary. One-fifth of the statutory maximum. Sch. A1, para. 34(3). Nominee failing to give notice of extension of moratorium. Summary. One-fifth of the statutory maximum. Sch. A1, para. 41(2). Fraud or privity to fraud in anticipation of moratorium. 1. On indictment.
2. Summary.
7 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 41(3). Fraud or privity to fraud during moratorium. 1. On indictment.
2. Summary.
7 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 41(7). Knowingly taking in pawn or pledge, or otherwise receiving, company property. 1. On indictment.
2. Summary.
7 years or a fine, or both.
6 months or the statutory maximum, or both.
Sch. A1, para. 42(1). False representation or fraud for purpose of obtaining or extending moratorium. 1. On indictment.
2. Summary.
7 years or a fine, or both.
6 months or the statutory maximum, or both.
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