Investment Limited Partnerships Act 1994
Penalties.
40.—A person guilty of an offence under this Act shall be liable—
(a) on summary conviction to a fine not exceeding £1,000 or to imprisonment for a term not exceeding 12 months or to both such fine and imprisonment, or
(b) on conviction on indictment to a fine not exceeding £500,000 or to imprisonment for a term not exceeding fifteen years or to both such fine and imprisonment,
and, if the contravention in respect of which he is convicted of an offence under this Act is continued after the conviction, he shall be guilty of a further offence on every day on which the contravention continues and for each such offence he shall be liable on summary conviction to a fine not exceeding £1,000 or on conviction on indictment, to a fine not exceeding £500,000.
Annotations:
Editorial Notes:
E12
A fine of £1,000 converted (1.01.1999) to €1,269.73. This translates into a class C fine not exceeding €2,500 as provided (4.01.2011) by Fines Act 2010 (8/2010), ss. 3, 6(2) and table ref. no. 2, S.I. No. 662 of 2010.
A fine of £500,000 converted (1.01.1999) to €634,869.04. This is subject to a multiplier of 1.75, converting the fine to €1,111,020.82, as provided (4.01.2011) by Fines Act 2010 (8/2010), s. 9 and table ref. no. 1, S.I. No. 662 of 2010.