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The Insolvency (Northern Ireland) Order 2002

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12.  In Schedule 7 (punishment of offences), at the end insert the following entries which relate to offences under Schedule A1—

Provision of Order creating offenceGeneral nature of offenceMode of prosecutionPunishment
Sch. A1, para. 20(2).Directors failing to notify nominee of beginning of moratorium.

1.  On indictment.

2.  Summary.

2 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 21(3).Nominee failing to advertise or notify beginning of moratorium.Summary.One-fifth of the statutory maximum.
Sch. A1, para. 22(2).Nominee failing to advertise or notify end of moratorium.Summary.One-fifth of the statutory maximum.
Sch. A1, para. 27(2).Company and officers failing to state in correspondence etc. that moratorium in force.Summary.One-fifth of the statutory maximum.
Sch. A1, para. 28(3)(a).Company obtaining credit without disclosing existence of moratorium.

1.  On indictment.

2.  Summary.

A fine.

The statutory maximum.

Sch. A1, para. 28(3)(b).Obtaining credit for company without disclosing existence of moratorium.

1.  On indictment.

2.  Summary.

2 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 29(3)(a).Company disposing of property otherwise than in ordinary way of business.

1.  On indictment.

2.  Summary.

A fine.

The statutory maximum.

Sch. A1, para. 29(3)(b).Authorising or permitting disposal of company property.

1.  On indictment.

2.  Summary.

2 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 30(3)(a).Company making payments in respect of liabilities existing before beginning of moratorium.

1.  On indictment.

2.  Summary.

A fine.

The statutory maximum.

Sch. A1, para. 30(3)(b).Authorising or permitting such a payment.

1.  On indictment.

2.  Summary.

2 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 31(9).Directors failing to send to registrar office copy of court order permitting disposal of charged property.Summary.One-fifth of the statutory maximum.
Sch. A1, para. 32(1).Company disposing of charged property.

1.  On indictment.

2.  Summary.

A fine.

The statutory maximum.

Sch. A1, para. 32(2).Authorising or permitting such a disposal.

1.  On indictment.

2.  Summary.

2 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 33(1)(a).Company entering into market contract, etc.

1.  On indictment.

2.  Summary.

A fine.

The statutory maximum.

Sch. A1, para. 33(1)(b).Authorising or permitting company to do so.

1.  On indictment.

2.  Summary.

2 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 35(6).Nominee failing to give notice of withdrawal of consent to act.Summary.One-fifth of the statutory maximum.
Sch. A1, para. 44(3).Nominee failing to give notice of extension of moratorium.Summary.One-fifth of the statutory maximum.
Sch. A1, para. 51(2).Fraud or privity to fraud in anticipation of moratorium.

1.  On indictment.

2.  Summary.

7 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 51(3).Fraud or privity to fraud during moratorium.

1.  On indictment.

2.  Summary.

7 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 51(7).Knowingly taking in pawn or pledge, or otherwise receiving, company property.

1.  On indictment.

2.  Summary.

7 years or a fine, or both.

6 months or the statutory maximum, or both.

Sch. A1, para. 52(1).False representation or fraud for purpose of obtaining or extending moratorium.

1.  On indictment.

2.  Summary.

7 years or a fine, or both.

6 months or the statutory maximum, or both.

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