{
  "url": "https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/schedule-3/paragraph-24",
  "json_url": "https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/schedule-3/paragraph-24.json",
  "legislation": "nia/2026/6",
  "legislation_title": "Insolvency (Amendment) Act (Northern Ireland) 2026",
  "legislation_url": "https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026",
  "path": "schedule/3/paragraph/24",
  "kind": "paragraph",
  "number": "24",
  "heading": null,
  "text": "(1) Schedule 7 (punishment of offences) is amended as follows.\n(2) After the entry for Article 172(1) insert—\n“\n172(2)\nOfficer of company accounting for property by fictitious losses or expenses.\n1. On indictment.\n2. Summary.\n7 years or a fine, or both.\n6 months or the statutory maximum, or both.\n-\n”.\n(3) In the entry for Article 174(1), after “affairs” insert “in the course of winding up”.\n(4) After the entry for Article 174(1) insert—\n“\n174(2)\nOfficer of company making material omission from statement relating to company’s affairs prior to winding up.\n1. On indictment.\n2. Summary.\n7 years or a fine, or both.\n6 months or the statutory maximum, or both.\n-\n”.",
  "extent": "N.I.",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 3 para. 24 not in operation at Royal Assent, see s. 120(02)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nia/2026/6/schedule/3/paragraph/24",
    "retrieved_at": "2026-10-29T20:18:58.712686+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."
}