Section 329: Penalty where company fails to comply with Act

329. Penalty where company fails to comply with Act (1) Where a company fails to comply with section 38 (1) or (4), 84 (1), 91 (1), (2), (3) or (4), 92 (2) or (3), 97 (1) or (4), 114 (5), 117 (6), 190 (1), [Issue 1] C35 – 194 Revised Laws of Mauritius (2) or (5), 195 (4), 225, 226 (1) or 228 the company and every director of the company shall commit an offence and shall, on conviction, be liable to a fine not exceeding 100,000 rupees. (2) Where a company fails to comply with section 159 (5), 194 (2) or 294 (4), the company and every director of the company shall commit an offence and shall, on conviction, be liable to a fine not exceeding 200,000 rupees. (3) Where a company fails to comply with section 52 (4), 58 or 62 (2) or (6), the company and every officer of the company who is in default shall commit an offence and shall, on conviction, be liable to a fine not exceeding 100,000 rupees. (4) Where a person is convicted for an offence of— (a) failure to pay the registration fee under section 355; or (b) failure to file the annual return, he shall, in addition to any fine imposed under subsection (1), be ordered by the Court to pay the registration fee or to file the annual return, as the case may be, within such time as the Court may determine.