655. Directors' statement: offence if no reasonable grounds for opinion
Past version: effective from 14/06/2015 - 13/06/2015
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(1) If the directors make a statement under section 654 without having reasonable grounds for the opinion expressed in it, a contravention of these Regulations is committed by every director who is in default.
(2) A person who commits a contravention of this section is liable to a fine of up to level 8.