If it appears to the registrar that a company has failed to comply with any enactment requiring it—
the registrar may give notice to the company requiring it to comply.
The notice must—
If the company complies with the notice within the specified time, no criminal proceedings may be brought in respect of the failure to comply with the enactment mentioned in subsection (1).
The penalty may be recovered by the registrar and is to be paid into the Consolidated Fund.