Section 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.