Company Law Reform Bill [HL]

moved Amendment No. 488:"Page 455, line 12, at end insert—" 13A   For section 175(7) of the Companies Act 1985 (c. 6) (refusal of inspection of directors’ statement and auditors’ report relating to payment out of capital) substitute— ““(7)   If an inspection under subsection (6) is refused, an offence is committed by— (a)   the company, and (b)   every officer of the company who is in default. (8)   A person guilty of an offence under subsection (7) is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.””. 13B   For section 176(4) of the Companies Act 1985 (c. 6) (failure to give notice to registrar of application to court or to deliver copy of court order) substitute— ““(4)   If a company fails to comply with subsection (3), an offence is committed by— (a)   the company, and (b)   every officer of the company who is in default. (5)   A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.””.”” On Question, amendment agreed to. Clause 757 [Service of documents on directors, secretaries and others]: