Subsection (1) does not require a copy of the application to be given to a director who is a party to the application.
The duty imposed by this section ceases to apply if the application is withdrawn before the end of the period for giving the copy application.
In proceedings for an offence under this section it is a defence for the accused to prove that he took all reasonable steps to perform the duty.
A person guilty of an offence under this section (other than an aggravated offence) is liable—
on conviction on indictment, to a fine;
on summary conviction, to a fine not exceeding the statutory maximum.
A person guilty of an aggravated offence under this section is liable—
on conviction on indictment, to imprisonment for a term not exceeding seven years or a fine (or both);
on summary conviction—
in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);
in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).