Section. 
39 
10 
4 
43 
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1 
16 
APPENDIX C 
PENALTIES UNDER THE COMPANIES ACT, 1929 
Failure to deliver to Registrar copy of Order £10 a day. The company, 
of Court as to alteration of memorandum. 
Failure to notify increase of members to £5 a day. 
Registrar where company has no share 
capital. 
Failure to change name containing words 
‘Chamber of Commerce’ on revocation of 
licence. 
Failure to supply on request, and on pay- 
ment (if any), copy of memorandum and 
of articles (if any) and of any Act altering 
memorandum. 
Failure to revise copies of memorandum 
after alteration. 
Failure to deliver to Registrar prospectus or 
statement in lieu of prospectus where 
company by alteration of articles ceases 
to be a private company. 
Zarrying on business for more than six 
months with less than statutory number 
of members. 
Failure to deliver prospectus to Registrar 
before issue. 
The company and officers. 
The company. 
The company and officers. 
The company and officers. 
The company and officers. 
Every member cognisant of 
the facts. 
{5 a day until de- 
livered. 
The company and persons 
knowingly party to issue of 
prospectus. 
Any person. 
[ssuing application form without proper £500. 
Drosnectus. 
Offence. 
\llotment before minimum subscription 
received. 
Maximum Penalty. 
epayment of applica- 
tion money with 
interest. 
100. 
Persons Liable. 
The directors. 
Allotment before delivery of statement in 
lieu of prospectus in certain cases. 
Allotment in contravention of s. 3g or s. 40. 
The company and directors. 
"iability to compen 
sate the company 
and allottee of allot 
ment avoided with 
in one month. 
£50 a dav. 
The directors. 
Failure to deliver return of allotments, etc. 
Directors, managers, secretary 
and other officers. 
The company and officers. 
Failure to deliver statement in prescribed 
form as to commissions. . 
Failure to state commissions and discounts 
in balance sheet. 
Providing financial assistance for purchase 
of the company’s shares. 
Failure to include in balance sheet state- 
ment as to redeemable preference shares. 
Failure to state particulars of discount 
allowed on issue of shares in prospectus 
and balance sheet. 
Failure to give notice of consolidation, 
division, conversion, redemption or can- 
cellation of shares, or of re-conversion of 
stock. 
fre, 
{race 
The company and officers. 
The company and officers 
£100. 
£IcH, 
£5 a dav 
The company and officers. 
The company and officers. 
£5 a day. 
The company and officers. 
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