Section 5 Default order in case of continued failure to comply with section 1(7) after the end of the period allowed for laying and delivering accounts

(1)

If—

(a)

in respect of any accounting reference period of a company any of the requirements of section 1(7) above has not been complied with before the end of the period allowed for laying and delivering accounts ; and

(b)

the directors of the company fail to make good the default within fourteen days after the service of a notice on them requiring them to do so ;

the court may, on an application made to the court by any member or creditor of the company or by the registrar of companies, make an order directing the directors of the company or any of them to make good the default within such time as may be specified in the order.

(2)

Any order made under subsection (1) above may provide that all costs of and incidental to the application shall be borne by the directors of the company.

(3)

Nothing in this section shall be taken to prejudice the operation of section 4 above.