Companies (Amendment) Act, 1982

Amendment of section 168 of Principal Act.

7.—Section 168 of the Principal Act is hereby amended by the substitution for subsection (3) of the following subsection—

“(3) If any officer or agent of the company or other body corporate refuses to produce to the inspectors any book or document which it is his duty under this section so to produce or refuses to answer any question which is put to him by the inspectors with respect to the affairs of the company or other body corporate as the case may be, the officer or agent shall be guilty of an offence and shall be liable—

(a) on summary conviction, to a fine not exceeding £500, or to imprisonment for a term not exceeding six months, or to both such fine and such imprisonment, or

(b) on conviction on indictment, to a fine not exceeding £5,000, or to imprisonment for a term not exceeding three years, or to both such fine and such imprisonment,

and, if the refusal in respect of which he was convicted is continued after the conviction, he shall be guilty of a further offence and shall be liable on conviction on indictment to a further fine not exceeding £250 for each day on which the refusal was so continued.”.