|
Article creating contravention
|
General nature of contravention
|
Maximum Financial Penalty (US$)
|
|
22
|
Failing to register a return as to allotments
|
$2,000
|
|
23(2)
|
Allotment of shares at a discount
|
$2,000
|
|
24
|
Non-compliant registration of transfer of Shares
|
$2,000
|
|
25
|
Non-compliance with requirements in relation to certificates of Shares
|
$2,000
|
|
27(4)
|
Company issues bearer Shares |
$5,000
|
|
28(3)
|
Failing to give notice of altered share capital
|
$2,000
|
|
30(3)(a)
|
Failing to publish reduction of capital in newspapers
|
$2,000
|
|
30(3)(b)
|
Failing to obtain signatures from 2 directors
|
$2,000
|
|
30(5)
|
Failing to give notice of a reduction in capital
|
$2,000
|
|
33
|
Providing financial assistance
|
$2,000
|
|
34
|
Unlawful dividend or other distribution
|
$5,000
|
|
37, 92I
|
Failure to register change of name with CRO |
$2,000
|
|
39, 92I
|
Company failing to change name on direction of CRO |
$2,000
|
|
40, 92J
|
Improper use of "Limited Liability Company" or a "Company Limited by Guarantee" etc
|
$2,000
|
|
42(1)(A), 92K(1)(A)
|
Company failing to have a registered office in the QFC
|
$2,000
|
|
42(1)(B), 92K(1)(B)
|
Company failing to carry out its principal activity at or from the registered office without permission from the QFC Authority to carry on such activity at or from another placed within the QFC
|
$2,000
|
|
43, 92L
|
Failure to notify change of registered office
|
$2,000
|
|
44, 92N
|
Company failing to keep internal registers
|
$2,000
|
|
45, 92O
|
Failure of name to appear outside place of activities
|
$2,000
|
|
46, 92P
|
Company failing to have name etc. on certain Documents |
$1,000
|
|
47, 92Q
|
Company failing to lodge annual return
|
$2,000
|
|
50, 92T
|
Company failing to register alteration of Articles
|
$2,000
|
|
52(1), 92V
|
Failure of a Company to have at least one director
|
$2,000
|
|
52(4), 92V
|
Company failing to register a resignation, removal or appointment of director(s)
|
$2,000
|
|
52(4), 92V
|
Company failing to register a change in director's particulars
|
$1,000
|
|
55, 92V
|
Directors failing to comply with duties
|
$2,000
|
|
56, 92V
|
Director failure to disclose interest
|
$2,000
|
|
57, 92W
|
Company providing financial assistance to director without consent
|
$2,000
|
|
60(1), 92V
|
Company failing to have a Company secretary
|
$2,000
|
|
60(3), 92V
|
Company failing to register the appointment or resignation of a of secretary
|
$2,000
|
|
60(3), 92V
|
Company failing to register change of secretary's particulars
|
$1,000
|
|
64
|
Company default in complying with CRO's direction to hold Company meeting
|
$15,000
|
|
77, 92FF
|
Company failure to submit resolutions to CRO |
$2,000
|
|
80(1), 92HH
|
Non-compliant maintenance of accounting Records
|
$1,000
|
|
80(2)(A) and (B), 92HH
|
Failure to keep and preserve accounting Records
|
$2,000
|
|
80(2)(C), 92HH
|
Failure to keep accounting Records open to inspection
|
$10,000
|
|
82(3), 92HH
|
Failure of directors to approve and sign accounts
|
$5,000
|
|
82(4), 92HH
|
Failure to comply with requirements within 4 months
|
$10,000
|
|
82(5), 92HH
|
Failure to file accounts with the CRO |
$2,000
|
|
83(3), 92HH
|
Failure to provide accounts
|
$10,000
|
|
84
|
Publication of accounts without auditors' report
|
$5,000
|
|
85
|
Acting as auditor when not qualified
|
$10,000
|
|
86(1)
|
Failure to register the initial appointment of, or a change in respect of its auditor
|
$2,000
|
|
86(6)
|
Company failing to notify the CRO of the removal of auditor
|
$10,000
|
|
88
|
Failure of auditor to comply with resignation requirements
|
$5,000
|
|
88(4)
|
Failure to file auditor's resignation with CRO |
$10,000
|
|
89
|
Failure of auditor to make a report as required
|
$5,000
|
|
90(1) and (2)
|
Auditor failing to fulfil duties
|
$5,000
|
|
90(3), (4), (5) and 91
|
Company and officers etc. not co-operating with auditor
|
$5,000
|
|
92
|
Company and officers etc. obstructing auditor
|
$5,000
|
|
92M(3)
|
Failure of an LLC(G) to notify the CRO of changes concerning its Support Services Provider.
|
$2,000
|
|
105
|
Failure to inform persons they are dealing with a PCC |
$2,000
|
|
117(2)(B)
|
Failure to maintain a principal place of business
|
$2,000
|
|
117(2)(C)
|
Failure of Branch to give notice of change of particulars
|
$2,000
|
|
120(3)
|
Failure of Branch to change name on direction of CRO |
$2,000
|
|
121
|
Failure of Branch to give particulars of Principal Representative |
$2,000
|
|
122(2)
|
Failure of Branch to give notice of change of particulars
|
$2,000
|
|
123
|
Failure of Branch to keep and preserve accounting records
|
$2,000
|
|
124
|
Failure of Branch to have name etc. on certain documents
|
$1,000
|
|
125
|
Failure of name of Branch to appear outside place of business
|
$2,000
|
|
130
|
Failure to comply with direction of CRO |
$15,000
|
|
132
|
Provision of false or misleading information to the CRO |
$50,000
|
|
149(5)
|
Failure to sign declaration
|
$5,000
|
|
151(3)
|
Offeror failing to give minority Member notice of rights
|
$5,000
|
