Schedule 3: Amendments of remaining provisions of the Companies Act 1985 relating to offences Section 1131: Imprisonment on summary conviction in England and Wales: transitory provision
1451.This section provides for the period before the commencement of section 154(1) of the Criminal Justice Act 2003, which makes new provision about the powers of magistrates’ courts in England and Wales to impose sentences of imprisonment on summary conviction. For offences committed before section 154(1) is brought into force, the maximum term of imprisonment in England and Wales for a person guilty of an offence on summary conviction under the Companies Acts is to be 6 months (as it is at present) instead of 12 months.