Part 22Information about interests in a company's shares
Notice requiring information about interests in shares
795Notice requiring information: offences
(1)
A person who—
(a)
fails to comply with a notice under section 793 (notice requiring information about interests in company's shares), or
(b)
in purported compliance with such a notice—
(i)
makes a statement that he knows to be false in a material particular, or
(ii)
recklessly makes a statement that is false in a material particular,
commits an offence.
(2)
A person does not commit an offence under subsection (1)(a) if he proves that the requirement to give information was frivolous or vexatious.
(3)
A person guilty of an offence under this section is liable—
(a)
on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);
(b)
on summary conviction—
(i)
in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);
(ii)
in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).