If a company contravenes any provision of sections 162A to 162F every officer of it who is in default is liable to a fine.
Section 162G: Treasury shares: penalty for contravention
Companies Act 1985 · 1985 c. 6View on legislation.gov.uk
Part V: Share Capital, its Increase, Maintenance and Reduction — Chapter VII: Redeemable Shares; Purchase by a Company of its Own Shares
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