Schedule 3: Amendments of remaining provisions of the Companies Act 1985 relating to offences Section 1128: Summary proceedings: time limit for proceedings
1448.This section restates section 731(2) to (4) of the 1985 Act. It sets out time limits for summary proceedings. The prosecution must be commenced within three years of the offence being committed, and within one year of the prosecuting authorities receiving sufficient evidence to justify the prosecution.