Appendix 3: Contraventions and financial penalties
For the purpose of these Insolvency Rules, the table below sets out the maximum financial penalties applied for a contravention of the Insolvency Regulations stipulated in these Rules.
|Article creating contravention||General nature of contravention||Maximum financial penalty|
|3.3||Making an application for strike-off when prohibited||USD 10,000|
|3.5||Failure to withdraw strike-off application||USD 10,000|