(1) The Act of 1963 is amended -
(a) in section 115, by substituting the following subsection for subsection (6):
"(6) If any company commences business or exercises borrowing powers in contravention of this section, every person who is responsible for the contravention shall, without prejudice to any other liability, be guilty of an offence and liable to a fine not exceeding €1,904.61.",
and
(b) in section 128(3), by substituting for "shall be liable to a fine" "shall be guilty of an offence and liable to a fine".
(2) The Act of 1990 is amended -
(a) in section 60, by substituting the following subsection for subsection (10):
"(10) If default is made in compliance with subsection (9), the company and every officer of the company who is in default shall be guilty of an offence and liable to a fine not exceeding €1,904.61; and if default is made for 14 days in complying with subsection (6) the company and every officer of the company who is in default shall be guilty of an offe