Where a company fails to give a notice which it is required to give under section 883 -
(a) the company shall be liable to a penalty of €4,000 and, if the failure continues after judgment has been given by the court before which proceedings for the penalty have been commenced, to a further penalty of €60 for each day on which the failure so continues, and
(b) the secretary of the company shall be liable to a separate penalty of €3,000.