9.—(1) Schedule 23 (punishment of offences) is amended as follows.
(2) After the entry relating to Article 242(5) insert—
“242ZA(6) | Making a statement in a directors' report as mentioned in Article 242ZA(2) which is false. | 1. On indictment. 2. Summary. | 2 years or a fine; or both. 6 months or the statutory maximum; or both.”. |
(3) After the entry relating to Article 253E(3) insert—
“253G(7) | Disclosing information in contravention of Article 253G(2) or (3). | 1. On indictment. 2. Summary. | 2 years or a fine; or both. 3 months or the statutory maximum; or both.”. |
(4) For the entries relating to Articles 397A(2), 397A(3) and 397A(4) substitute—
“397B(1) | Person making false, misleading or deceptive statement to auditor. | 1. On indictment. 2. Summary. | 2 years or a fine; or both. 6 months or the statutory maximum; or both. |
397B(2) | Failure to provide information or explanations to auditor. | Summary. | Level 3 on the standard scale. |
397B(4) | Parent company failing to obtain from subsidiary undertaking information for purposes of audit. | Summary. | Level 3 on the standard scale.”. |