Section 474 — Enforcing compliance with provisions of Act

(1) If a company,
having made default in complying with any provision of this Act or committed any
other irregularity fails to make good the default or undo the irregularity, as the case
may be, within thirty days after the service of a notice on the company requiring it
to do so, the Commission may, of its own motion or on an application made to it
by any member or creditor of the company or a reference by the registrar and, in
the case of a listed company, besides other persons as aforesaid, on a reference by
the securities exchange, make an order directing the company and any officer
thereof, as the case may be, to make good the default or undo the irregularity or
otherwise make amends, as the circumstances may require, within such time as may
be specified in the order.

(2) Any such order may provide that all costs of and incidental to the
application or reference shall be borne by the company or by an officer of the
company responsible for the default.
(3) Nothing in this section shall be taken to prejudice the operation of
any enactment imposing penalties on a company or its officers in respect of any
such default as aforesaid.