Penalties to be imposed by Board

(1) Where an employer has failed or neglected to pay any contribution which under this Act he is liable to pay, no proceedings shall be taken against him if, after an intimation in writing of the charges against him, he agrees to pay and in fact pays to the Board within such time as may be fixed by the latter, 52 a sum not exceeding twenty dollars for every such failure or neglect as may be fixed by the Board, together with any amount due in respect of unpaid contributions. (2) Notwithstanding anything contained in section 6 (3), contributions falling under sub-section (1), which are payable on behalf of any employed person shall not be recoverable by the employer from that employed person. (3) Sub-section (1) of shall not apply in any case where in the opinion of the Board the offence would this section, not be adequately punished by the penalty therein mentioned.