Section 1138

Where company records are kept otherwise than in bound books, adequate precautions must be taken— to guard against falsification, and to facilitate the discovery of falsification. If a company fails to comply with this section, an offence is committed by every officer of the company who is in default. 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. This section does not apply to the documents required to be kept under— section 228 (copy of director's service contract or memorandum of its terms); or section 237 (qualifying indemnity provision).

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Source: legislation.gov.uk · retrieved 2026-09-04