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) | Registered office and conduct of activities | 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 |