2(1)Schedule 24 to the Companies Act 1985 (punishment of offences) is amended as follows.
(2)For the entries relating to sections 399(3) to 423(3) (offences under Part XII: registration of charges) substitute—
| “398(3) | Company failing to deliver particulars of charge to registrar. | 1. On indictment. | A fine. |
| 2. Summary. | The statutory maximum. | ||
| 408(3) | Company failing to deliver particulars of taking up of issue of debentures. | Summary. | One-fifth of the statutory maximum. |
| 409(4) | Failure to give notice to registrar of appointment of receiver or manager, or of his ceasing to act. | Summary. | One-fifth of the statutory maximum. |
| 410(4) | Failure to comply with requirements of regulations under s.410. | Summary. | One-fifth of the statutory maximum. |
| 411(4) | Failure to keep copies of charging instruments or register at registered office. | 1. On indictment. | A fine. |
| 2. Summary. | The statutory maximum. | ||
| 412(4) | Refusing inspection of charging instrument or register or failing to supply copies. | Summary. | One-fifth of the statutory maximum.”. |
(3)After the entry relating to section 703(1) insert—
| “703D(5) | Oversea company failing to deliver particulars of charge to registrar. | 1. On indictment. | A fine. |
| 2. Summary. | The statutory maximum.” |