UK:
Increase In Fines For Company Law Offences
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Failure to comply with many of the requirements imposed by the
Companies Act 2006 on a company and its officers is a summary
offence.
Previously the maximum fine for a summary offence under any
legislation was £5,000, the so-called "statutory
maximum" or "level 5 on the standard scale". This
cap has now been removed, meaning that magistrates now have the
power to impose whatever fine for a summary offence they consider
most appropriate in the circumstances, including for Companies Act
2006 offences.
The Legal Aid, Sentencing and Punishment of
Offenders Act 2012 (Fines on Summary Conviction) Regulations
2015
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