Section 42Part 3 — Distribution of Capital and Liability of Members
Penalty on company not making return
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Any company, no t being an exempted company, which defaults in forwarding to the Registrar such lists of members or summary or the payment of any fee specified in section 41
and
shall incur a penalty of —
33.33% of the annual fee specified in section 41 if the documents ar e submitted or the fee and penalty are paid between the 1st April and the 30th June;
66.67% of the annual fee specified in section 41 if the documents are submitted or the fee and penalty are paid between the 1st July and the 30th September; and
100% of the annual fee specified in section 41 if the documents are submitted or the fee and penalty are paid between the 1st October and the 31st December, and every director and manager of the company who knowi ngly and wilfully authorises or permits such default shall incur the like penalty.