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Section 141: Penalty for concealing name of creditor, etc.

Companies Act 1985 · 1985 c. 6View on legislation.gov.uk

Part V: Share Capital, its Increase, Maintenance and Reduction — Chapter IV: Reduction of Share Capital

If an officer of the company—

wilfully conceals the name of a creditor entitled to object to the reduction of capital; or
wilfully misrepresents the nature or amount of the debt or claim of any creditor; or
aids, abets or is privy to any such concealment or misrepresentation as is mentioned above,

he is guilty of an offence and liable to a fine.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.