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In the absence of the court overview what safeguards exist against abuse of the solvency statement route?

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In the absence of the court overview what safeguards exist against abuse of the solvency statement route?

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If company directors make a solvency statement without having reasonable grounds for the opinions expressed in it, and the statement is delivered to the registrar, an offence is committed by every director who is in default. The offence is punishable by a fine or by a maximum period of imprisonment of two years or both.

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