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Legislation
Companies Act 2006

Crossheading Supplementary provisions

  • Section 702 Copy of contract or memorandum to be available for inspection
  • Section 703 Enforcement of right to inspect copy or memorandum
  • Section 704 No assignment of company's right to purchase own shares
  • Section 705 Payments apart from purchase price to be made out of distributable profits
  • Section 706 Treatment of shares purchased
  • Section 707 Return to registrar of purchase of own shares
  • Section 708 Notice to registrar of cancellation of shares
  1. Supplementary provisions
  2. Enforcement of right to inspect copy or memorandum

Section 703 | Enforcement of right to inspect copy or memorandum

From legislation.gov.uk

(1)If default is made in complying with section 702(2), (3) or (4) or default is made for 14 days in complying with section 702(5), or an inspection required under section 702(6) is refused, an offence is committed by—

(a)the company, and

(b)every officer of the company who is in default.

(2)A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

(3)In the case of refusal of an inspection required under section 702(6) the court may by order compel an immediate inspection.

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