376. Duty to keep accounting records: contravention

Past version: effective from 14/06/2015 - 13/06/2015
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(1) If a company fails to comply with any provision of section 375 (duty to keep accounting records), a contravention of these Regulations is committed by every officer of the company who is in default.
(2) A person does not commit the contravention referred to in subsection (1) if he shows that he acted honestly and that in the circumstances in which the company's business was carried on the default was excusable.
(3) A person who commits the contravention referred to in subsection (1) shall be liable to a fine of up to level 5.