{
  "url": "https://openlegislation.uk/insolvency-act-2000/schedule-1/paragraph-12",
  "json_url": "https://openlegislation.uk/insolvency-act-2000/schedule-1/paragraph-12.json",
  "legislation": "ukpga/2000/39",
  "legislation_title": "Insolvency Act 2000",
  "legislation_url": "https://openlegislation.uk/insolvency-act-2000",
  "path": "schedule/1/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": null,
  "text": "In Schedule 10 (punishment of offences), before the entry relating to paragraph 4(3) of Schedule 7 there are inserted the following entries—\n“\nSch. A1, para. 9(2).\nDirectors failing to notify nominee of beginning of moratorium.\n1. On indictment.\n2. Summary.\n2 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 10(3).\nNominee failing to advertise or notify beginning of moratorium.\nSummary.\nOne-fifth of the statutory maximum.\nSch. A1, para. 11(2).\nNominee failing to advertise or notify end of moratorium.\nSummary.\nOne-fifth of the statutory maximum.\nSch. A1, para. 16(2).\nCompany and officers failing to state in correspondence etc. that moratorium in force.\nSummary.\nOne-fifth of the statutory maximum.\nSch. A1, para. 17(3)(a).\nCompany obtaining credit without disclosing existence of moratorium.\n1. On indictment.\n2. Summary.\nA fine.\nThe statutory maximum.\nSch. A1, para. 17(3)(b).\nObtaining credit for company without disclosing existence of moratorium.\n1. On indictment.\n2. Summary.\n2 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 18(3)(a).\nCompany disposing of property otherwise than in ordinary way of business.\n1. On indictment.\n2. Summary.\nA fine.\nThe statutory maximum.\nSch. A1, para. 18(3)(b).\nAuthorising or permitting disposal of company property.\n1. On indictment.\n2. Summary.\n2 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 19(3)(a).\nCompany making payments in respect of liabilities existing before beginning of moratorium.\n1. On indictment.\n2. Summary.\nA fine.\nThe statutory maximum.\nSch. A1, para. 19(3)(b).\nAuthorising or permitting such a payment.\n1. On indictment.\n2. Summary.\n2 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 20(9).\nDirectors failing to send to registrar office copy of court order permitting disposal of charged property.\nSummary.\nOne-fifth of the statutory maximum.\nSch. A1, para. 22(1).\nCompany disposing of charged property.\n1. On indictment.\n2. Summary.\nA fine.\nThe statutory maximum.\nSch. A1, para. 22(2).\nAuthorising or permitting such a disposal.\n1. On indictment.\n2. Summary.\n2 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 23(1)(a).\nCompany entering into market contract, etc.\n1. On indictment.\n2. Summary.\nA fine.\nThe statutory maximum.\nSch. A1, para. 23(1)(b).\nAuthorising or permitting company to do so.\n1. On indictment.\n2. Summary.\n2 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 25(6).\nNominee failing to give notice of withdrawal of consent to act.\nSummary.\nOne-fifth of the statutory maximum.\nSch. A1, para. 34(3).\nNominee failing to give notice of extension of moratorium.\nSummary.\nOne-fifth of the statutory maximum.\nSch. A1, para. 41(2).\nFraud or privity to fraud in anticipation of moratorium.\n1. On indictment.\n2. Summary.\n7 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 41(3).\nFraud or privity to fraud during moratorium.\n1. On indictment.\n2. Summary.\n7 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 41(7).\nKnowingly taking in pawn or pledge, or otherwise receiving, company property.\n1. On indictment.\n2. Summary.\n7 years or a fine, or both.\n6 months or the statutory maximum, or both.\nSch. A1, para. 42(1).\nFalse representation or fraud for purpose of obtaining or extending moratorium.\n1. On indictment.\n2. Summary.\n7 years or a fine, or both.\n6 months or the statutory maximum, or both.\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/39/schedule/1/paragraph/12",
    "retrieved_at": "2026-10-29T09:20:29.366316+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}