C1Part 17A company's share capital

Annotations:
Modifications etc. (not altering text)

Chapter 10Reduction of share capital

Reduction of capital confirmed by the court

647Offences in connection with list of creditors

1

If an officer of the company—

a

intentionally or recklessly—

i

conceals the name of a creditor entitled to object to the reduction of capital, or

ii

misrepresents the nature or amount of the debt or claim of a creditor, or

b

is knowingly concerned in any such concealment or misrepresentation,

he commits an offence.

2

A person guilty of an offence under this section is liable—

a

on conviction on indictment, to a fine;

b

on summary conviction, to a fine not exceeding the statutory maximum.