SCHEDULE 10 Punishment of Offences under this Act
Insolvency Act 1986 (1986 c 45) | Legislation

SCHEDULE 10 Punishment of Offences under this Act

Section 430

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Section (Section of Act creating offence)General nature of offenceMode of prosecutionPunishmentDaily default fine (where applicable)
[A8(4)Directors failing to notify monitor of beginning of moratorium.1. On indictment.


2. Summary.		2 years or a fine or both.

[On conviction in England and Wales: the general limit in a magistrates' court] or a fine or both. On conviction in Scotland: 12 months or the statutory maximum or both.
A8(5)
Monitor failing to notify creditors etc of beginning of moratorium.


Summary.
Level 3 on the standard scale.
A17(6)
Directors failing to notify monitor of change in end of moratorium.
1. On indictment.

2. Summary.
2 years or a fine or both.

[On conviction in England and Wales: the general limit in a magistrates' court] or a fine or both. On conviction in Scotland: 12 months or the statutory maximum or both.
A17(7)
Monitor failing to notify creditors etc of change in end of moratorium.
Summary.
Level 3 on the standard scale.
A19(5)
Company or officer failing to state in correspondence etc that moratorium in force.

Summary.
Level 3 on the standard scale.
A24(4)
Directors failing to notify
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