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Section 607: Penalty for contravention of this Chapter

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

Part 17: A company's share capital — Chapter 6: Public companies: independent valuation of non-cash consideration

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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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.