Increase In Fines For Company Law Offences
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...
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