738. Report to members: offences

(1) If default is made for 14 days in complying with section 737(5) (notice to Registrar of place at which reports made available for inspection) a contravention of these Regulations is committed by—
(a) the company, and
(b) every officer of the company who is in default.
(2) A person who contravenes these Regulations under subsection (1) is liable to a level 2 fine.
(3) If default is made in complying with any other provision of section 737 (report to members on outcome of investigation), a contravention of these Regulations is committed by every officer of the company who is in default.
(4) A person who contravenes these Regulations under subsection (3) is liable to a level 2 fine.