SCHEDULE 2: FINE LIMITS
Note: See rule 3.3.
2.1. Table of fine limits
The following table sets the maximum fines that may be imposed for certain Contraventions of the AIFC Non-profit Incorporated Organisations Regulations.
|
column 1 item |
column 2 provision contravened |
column 3 relevant section heading |
column 4 maximum fine US$ |
|
1 |
8 |
Prohibition against conducting certain activities |
25,000 |
|
2 |
9(1) |
Authorised Activities of Incorporated Organisations |
25,000 |
|
3 |
10 |
Restrictions on Incorporated Organisations |
10,000 |
|
4 |
16(1) or (3), 16-1 |
Registered office and conduct of activities Registered email address |
2,000 |
|
5 |
17 |
Particulars in communications |
1,000 |
|
6 |
18 |
Name of Incorporated Organisation |
1,000 |
|
7 |
19(1), (6) or (9) |
Change of name |
1,000 |
|
8 |
21(1) |
Accounting Records of Incorporated Organisations |
15,000 |
|
9 |
21(2) |
Accounting Records of Incorporated Organisations |
2,000 |
|
10 |
22 |
Accounts |
5,000 |
|
11 |
25 |
Register of members |
2,000 |
|
12 |
27 |
Board of Incorporated Organisation |
2,000 |
|
13 |
36(1) |
Obligation of disclosure to Registrar of Companies |
5,000 |
|
14 |
37 |
Compliance with orders etc. of Registrar to Incorporated Organisations |
25,000 |