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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 payment
 (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 delivered.


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 application
 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 statement
 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 cancellation
 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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