Investment Funds, Companies and Miscellaneous Provisions Act 2005

Amendment of section 22 of Companies (Amendment) Act 1986.

66.— Section 22 of the Companies (Amendment) Act 1986 is amended—

(a) in subsection (1)—

(i) in paragraph (a), by substituting “shall be guilty of an offence” for “shall be liable on summary conviction to a fine not exceeding £1,000”, and

(ii) in paragraph (b), by substituting “Summary proceedings” for “Proceedings”,

and

(b) in subsection (2), by substituting “in respect of each such failure be guilty of an offence, but—” for “in respect of each offence be liable on summary conviction to imprisonment for a term not exceeding 6 months, or, at the discretion of the court to a fine not exceeding £1,000 or to both so, however, that—”.