Penalties

(1) If any company makes default in sending to the Registrar for registration the particulars of any mortgage or charge created by the company, and of the issues of debentures of a series, requiring registration with the Registrar under this Act, then, unless the registration has been effected on the application of some other person, the company, and every director, manager, secretary or other person who is knowingly a party to the default, shall on conviction be liable to a fine not exceeding two hundred and fifty dollars for every day during which the default continues. 90 (2) Subject as aforesaid, if any company makes default in complying with any of the requirements of this Act as to the registration with the Registrar of any mortgage or charge created by the company, the company and every director, manager and other officer of the company, who knowingly and wilfully authorised or permitted the default shall, without prejudice to any other liability, be liable on summary conviction to a fine not exceeding five hundred dollars. (3) If any person knowingly and wilfully authorises or permits the delivery of any debenture or certificate of debenture stock requiring registration with the Registrar under this Act without a copy of the certificate of registration being endorsed upon it, he or she shall, without prejudice to any other liability, be liable on summary conviction to a fine not exceeding five hundred dollars.