Section 607

This section applies where a company contravenes— section 593 (public company allotting shares for non-cash consideration), or section 598 (public company entering into agreement for transfer of non-cash asset). An offence is committed by— the company, and every officer of the company who is in default. A person guilty of an offence under this section is liable— on conviction on indictment, to a fine; on summary conviction, to a fine not exceeding the statutory maximum.

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