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Section 590: Penalty for contravention of this Chapter

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 17: A company's share capital — Chapter 5: Payment for shares

If a company contravenes any of the provisions of this Chapter, 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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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.