Companies Act (Cap. 386), article 426

426. (1) The power to make regulations under article 425 includes the power to prescribe that any person in breach of any provision of any such regulation shall be guilty of an offence and sshall on conviction be liable to a fine (multa) of not more than two hundred and thirty thousand euro (€230,000) or imprisonment for a term not exceeding six months or to both such fine and imprisonment, as may be prescribed. (2) The power to make regulations under article 425 includes the power to prescribe that any person who acts in breach of any such regulation shall be liable to a penalty of not more than two thousand and three hundred euro (€2,300) and, where applicable, to a further penalty of fifty euro (€50) for every day during which the default continues, to be imposed by the Registrar in terms of article 401. Administrative penalties under this Act. Amended by: IV. 2003.161.