588. Offences in connection with list of creditors

(1) If an officer of the company—
(a) intentionally or recklessly—
(i) conceals the name of a creditor entitled to object to the reduction of capital, or
(ii) misrepresents the nature or amount of the debt or claim of a creditor, or
(b) is knowingly concerned in any such concealment or misrepresentation,
he commits a contravention of these Regulations.
(2) A person commits a contravention of this section is liable to a level 2 fine.