Cap. 6:07 INSOLVEt\CY No. 7/2018 (4) A director or member may, within one month of the date of the form referred to in subsection (3), object by affidavit or otherwise, to his or her name being entered in the register referred to in subsection (I). (5) If after considering any objections made by or on behalf of a director or member the Registrar of Companies intends to enter the name of a director or member in the register, he or she must send a standard notice to such director or member accordingly. (6) Any person aggrieved by the decision contemplated in subsection (5) may, within one month of the date of such decision, apply to the Court for relief. (7) The Registrar of Companies must on the expiration of one month after the date of his or her decision under subsection (5) or, if an application under subsection (6) is pending, after the application has been disposed of and if the Court has not ordered otherwise, enter the name of the director or member in the register. (8) Any liquidator who fails to comply with the provisions of subsection (2), is guilty of an offence and liable on conviction to fine not exceeding le\·el5 or imprisonment for a period not exceeding six months or both to such fine and imprisonment. 114 Change of address by directors and secretaries and certain former directors and secretaries (I) Every director and secretary of a company, and every member of a pri\·ate business corporation, which is being liquidated and who, before the liquidator's final account has in terms of section I 00 been confirmed, changes his or her residential or postal address must notify the liquidator by standard notice of the new address, \vi thin 14 days after such change. (2) If the liquidator has not been appointed on the date of such change, the director or secretary or member must notify the liquidator within 14 days after the appointment of the liquidator. (3) Any person who fails to comply with any requirement of subsection (I) or (2) is guilty of an offence and liable on conviction to a fine not exceeding level 5 or imprisonment for a period not exceeding six months or to both a fine and imprisonment. 115 Restoration of property and payment of compensation Where in the course of the liquidation of a company or of a private business corporation incorporated in terms of the Companies Act [Chapter 24:3/1, it appears that a person \Vho has taken part in the formation or promotion of the company, or any past or present director or a officer of the company, or past or present member or officer of the private business corporation, has misapplied or retained or become liable or accountable for any money or property of the company or private business corporation, or has been guilty of any breach of faith or trust in relation to the company or private business corporation, the Court may, on the application of the Master or of the liquidator or of any creditor or shareholder or member or contributory of the company or pri\'ate business corporation, enquire into the conduct of the promoter, director, member or officer in question, and may order him or her to repay or restore the money or property or any part thereof, with interest at a rate determined by the Court, or to contribute such sum to the assets of the company or private business corporation by way of compensation in respect of the misapplication, retention, breach of faith or trust as the Court considers appropriate. 279

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