SCHEDULE 3Punishment of offences under these Rules
Rule creating offence | General nature of the offence | Mode of prosecution | Punishment | Daily default fine (if applicable) |
|---|---|---|---|---|
1.56(3) | Falsely claiming to be a person entitled to inspect a document with the intention of gaining sight of it. | 1. On indictment. 2. Summary. | 2 years, or a fine, or both. 6 months, or a fine, or both. | Not applicable. |
3.55(7) | Former administrator failing to file a notice of automatic end of administration and progress report. | Summary. | Level 3 on the standard scale. | One tenth of level 3 on the standard scale. |
3.70(2) | Failing to comply with administrator’s duties on vacating office. | Summary. | Level 3 on the standard scale. | One tenth of level 3 on the standard scale. |
4.17(6) | Administrative receiver failing to deliver required accounts of receipts and payments. | Summary. | Level 3 on the standard scale. | One tenth of level 3 on the standard scale. |
6.14(13) | Directors failing to seek a decision on the nomination of a liquidator. | 1. On indictment. 2. Summary. | 1. A fine. 2. A fine. | Not applicable. |
18.6(5) | Administrator failing to deliver required progress reports in accordance with rule 18.6. | Summary. | Level 3 on the standard scale. | One tenth of level 3 on the standard scale. |