(1) Every company shall, once at least in every year, subject to section 127, make a return to the registrar of companies, being its annual return, in the prescribed form.
(2) If a company fails to comply with this section, the company and -
(a) every officer of the company who is in default, and
(b) any person in accordance with whose directions or instructions the directors of the company are accustomed to act and to whose directions or omissions the default is attributable,
shall be guilty of an offence.
(3) Proceedings in relation to an offence under this section may be brought and prosecuted by the registrar of companies.