s 607 Penalty for contravention of this Chapter
(1) 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). (2) An offence is committed by— (a) the company, and (b) every officer of the company who is in default. (3) A person guilty of an offence under this section is liable— (a) on conviction on indictment, to a fine; (b) on summary conviction, to a fine not exceeding the statutory maximum.