Section 444: Penalties
The Companies Act, 2017 · Federal Acts · in_force
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444. Penalties.—(1)If any foreign company fails to comply with any of the provisions of this Part, except section 439, the company, and every officer or agent of the company who authorises or permits the default, shall be liable to a penalty of level 1 on the standard scale. (2) If a foreign company or any of its directors or other persons as referred in section 439 fails to comply with the provisions of said section, shall be liable to a penalty of level 2 on the standard scale.
Effective date: 2017-05-30
Related sections
Section 443: Intimation of ceasing to have place of business to be givenSection 445: Interpretation of provisions of this PartSection 442: Provisions relating to names, inquiries to apply to foreign companiesSection 446: Issue of prospectusSection 441: Company’s failure to comply with this part not to affect its liability under contractsSection 447: Restriction on canvassing for sale of securities
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