Section 369(5)

The interest referred to in subsection (2)(a) is interest on the amount of the unauthorised donation or expenditure, so far as not made good to the company— in respect of the period beginning with the date when the donation was made or the expenditure was incurred, and at such rate as the Secretary of State may prescribe by regulations. Section 379(2) (construction of references to date when donation made or expenditure incurred) does not apply for the purposes of this subsection.

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