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 offence | General nature of offence | Mode of prosecution | Punishment |
---|---|---|---|
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. |