§ Mr. Albert Robertsasked the Secretary of State for Trade whether he proposes to implement Section 4(3) and (4) of the Companies Act 1976, which will provide that companies whose accounts are not filed within the time limits laid down in the Act are to be liable to a civil penalty.
§ Mr. Clinton Davis:Not at present. The introduction of civil penalties will depend on the extent to which directors of companies in general comply with the more specific requirements of the new Act in respect of the time allowed to prepare, lay and deliver accounts.