OFFERS FOR SALE AND KINDRED MATTERS 61 
s. 38 or of s. 354 (3) if the company is a company within the 
meaning of the Act or a foreign company. 
Penalties are imposed for any contravention of s. 356, and 
where a person is convicted in England of having made an 
offer in contravention of the section, the Court before which he 
is convicted may order that any contract made as a result of 
the offer shall be void and give such consequential directions 
as to repayment of the money or re-transfer of the shares as it 
thinks fit [s. 356 (8)]. 
If a company is convicted of an offence under the section 
every director and officer concerned in the management of the 
company will be guilty of the like offence unless he proves that 
the act constituting the offence took place without his know- 
ledge or consent [s. 356 (6)].