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Amendment of section 240 of Act of 1990.
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104.—Section 240 of the Act of 1990 is amended—
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(a) by the substitution for “£1,000” (wherever occurring) of “£1,500”,
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(b) in subsection (1)(b), by the substitution for “3 years” of “5 years”, and
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(c) by the insertion of the following after subsection (6):
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“(7) In any provision of the Companies Acts for which a fine of any amount of less than £1,500 is provided in respect of a summary conviction, the maximum amount of that fine shall be taken to be £1,500.
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(8) In any provision of the Companies Acts for which a term of imprisonment of less than 5 years is provided in respect of a conviction on indictment, the maximum term of imprisonment shall be taken to be 5 years.”.
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