Section 511, The Companies Act, 2009

(1) Subject to this Act, where by any section it is providedthat a company and every officer of the company who is in default shall be liable to a default fine, the company and every such officer shall, for each day during which he default, refusal or contravention continues, be liable to a fine not exceeding Le500,000. (2) For the purposes of any section which provides that an officer of a company who is in default shall be liable to a fine or penalty, the expression “officer who is in default” means any director, manager, secretary or other officer of the company, who knowingly and wilfully authorises or permits the default, refusal or contravention mentioned in the section. (3) Any person who is guilty of an offence for which no penalty is provided shall be liable to a fine not exceeding Le5,000,000.