S.L. 386.19 · Companies Act (S.L. 386.19)
S.L. 386.19 чл. 15Administrative penalties.
(1) Where any provision of these regulations provides for the imposition of a penalty, the amount of such penalty shall be determined by reference to the Second Schedule of these regulations, which specifies the maximum penalty that may be imposed by the Registrar under any of the provisions of these regulations.
(2) In the Second Schedule, the first column indicates the regulation and sub-regulation which prescribes that a penalty shall be imposed, the second column gives a general description of the infringement, which description shall not be relied on in interpreting any provision of these regulations, the third column prescribes the maximum penalty and the fourth column prescribes the maximum daily default penalty. The penalty shall become due on the day on which the default occurs and the daily default penalty shall be due for every day during which the default continues and shall accrue from the day following that on which the default occurs.
(3) Action by the Registrar for the recovery of a penalty under these regulations shall be prescribed by the lapse of five years from the day on which the default occurs.
(4) A company shall be jointly and severally liable with its officers for the payment of any administrative penalties imposed under these regulations.
(5) The provisions of article 401(3) to (17) of the Act shall apply to any penalty imposed by the Registrar under these regulations.
История на изменения
- Amended by L.N. 158 of 2019
Препраща към
- S.L. 386.19 чл. 401