Schedule 4 PUNISHMENT OF OFFENCES UNDER THE RULES
Note: In the fourth and fifth columns of this Schedule, “the statutory maximum” means the prescribed sum under section 289B(6) of the Criminal Procedure (Scotland) Act 1975 (c.21).
| Rule creating offence | General nature of offence | Mode of prosecution | Punishment | Daily default fine (where applicable) |
|---|---|---|---|---|
| In Part 1, Rule 1.24 | False representation or fraud for purpose of obtaining members' or creditors' consent to proposal for voluntary arrangement | 1. On indictment | 7 years or a fine, or both | |
| 2. Summary | 6 months or the statutory maximum, or both | |||
| In Part 2, Rule 2.17(4) | Administrator failing to send notification as to progress of administration | Summary | One-fifth of the statutory maximum | One-fiftieth of the statutory maximum |
| In Part 3, Rule 3.9(5) | Receiver failing to send notification as to progress of receivership | Summary | One-fifth of the statutory maximum | One-fiftieth of the statutory maximum |