Section 81

If default is made in complying with this section, the Labuan company and every officer of the company who is in default commits an offence under this Act.

Penalty: Ten thousand ringgit. Default penalty.

If a Labuan company on which a notice has been served requiring it to make good any default in complying with the provisions of this section fails to make good the default within twenty-one days after the service of the notice, the Court may, on the application of the person entitled to have the certificate for the shares or debentures delivered to him, direct the company and every officer of the company to make good the default within such time as is specified in the direction, and the direction may provide that all costs and expenses of and incidental to the application shall be borne by the company and by any officer of the company in default in such proportion as the Court thinks fit.