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29(1)Schedule 7 (punishment of offences under the Order) is amended as follows.U.K.
(2)Omit the entries relating to Schedule A1.
(3)At the appropriate place insert—
“13BE(4) | Directors failing to notify monitor of beginning of moratorium. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13BE(5) | Monitor failing to notify creditors etc of beginning of moratorium. | Summary. | Level 3 on the standard scale. |
13CH(6) | Directors failing to notify monitor of change in end of moratorium. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13CH(7) | Monitor failing to notify creditors etc of change in end of moratorium. | Summary. | Level 3 on the standard scale. |
13DA(5) | Company or officer failing to state in correspondence etc that moratorium in force. | Summary. | Level 3 on the standard scale. |
13DF(4) | Directors failing to notify monitor of insolvency proceedings etc. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DG(3)(a) | Company obtaining credit without disclosing existence of moratorium. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DG(3)(b) | Obtaining credit for company without disclosing existence of moratorium. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DH(4)(a) | Company granting security without monitor's consent. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DH(4)(b) | Authorising or permitting company to do so. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DI(1)(a) | Company entering into market contract, etc. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DI(1)(b) | Authorising or permitting company to do so. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DJ(5)(a) | Company making unauthorised payments. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DJ(5)(b) | Authorising or permitting company to do so. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DK(6)(a) | Company making unauthorised disposal of property. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DK(6)(b) | Authorising or permitting such a disposal. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DL(2)(a) | Unauthorised disposal of hire-purchase property. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DL(2)(b) | Authorising or permitting such a disposal. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DM(8) | Directors failing to send to registrar copy of court order permitting disposal of charged property. | Summary. | Level 3 on the standard scale. |
13DM(9)(a) | Company failing to comply with requirements relating to disposal of charged property. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DM(9)(b) | Authorising or permitting such a failure. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DN(4)(a) | Company failing to comply with requirements relating to disposal of hire-purchase property. | 1. On indictment. | A fine. |
2. Summary. | The statutory maximum. | ||
13DN(4)(b) | Authorising or permitting such a failure. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13DN(6) | Directors failing to send to registrar copy of court order permitting disposal of hire-purchase property. | Summary. | Level 3 on the standard scale. |
13EE(9) | Monitor failing to notify creditors etc of change in monitor. | Summary. | Level 3 on the standard scale. |
13G(1) | Fraud or privity to fraud during or in anticipation of moratorium. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months or the statutory maximum or both. | ||
13G(4) | Knowingly taking in pawn or pledge, or otherwise receiving, company property. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13GA(1) | False representation or fraud for purpose of obtaining or extending moratorium. | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth. | ||
13H(5) | Directors failing to notify regulator of qualifying decision procedure in relation to regulated company | 1. On indictment. | 2 years or a fine or both. |
2. Summary. | 6 months orthe statutorymaximum orboth.” |