Cap 588 s 45 Court of First Instance to inquire into failure to comply with requirements under section 43 (FINANCIAL REPORTING COUNCIL ORDINANCE)

Contents of Section

Chapter:	588	Title:	FINANCIAL REPORTING COUNCIL ORDINANCE	Gazette Number:	L.N. 104 of 2007
Section:	45	Heading:	Court of First Instance to inquire into failure to comply with requirements under section 43	Version Date:	16/07/2007

(1) If a person fails to comply with a requirement imposed on him under section 43, the enquirer may, by originating summons, apply to the Court of First Instance for an inquiry into the failure.
(2) On such application, the Court of First Instance may—

(a) on being satisfied that there is no reasonable excuse for the person not to comply with the requirement, order the person to comply with the requirement within the period specified by the Court; and

(b) on being satisfied that the failure was without reasonable excuse, punish the person, and any other person knowingly involved in the failure, in the same manner as if he and, if applicable, that other person had been guilty of contempt of court.

(3) An originating summons under subsection (1) is to be in Form No. 10 in Appendix A to the Rules of the High Court (Cap 4 sub. leg. A).