Section 14Part 4 — The Operation and Management of Foundation Companies
Register of supervisors
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Each foundation company shall keep at its registered office a register of its supervisors containing —
the names and addresses of its supervisors;
the date on which each of its supervisor s was appointed; and
any date on which a supervisor ’ s appointment ceased.
If a change takes place in a foundation company ’ s supervisors, the foundation comp any shall, within sixty days, update its register to reflect the change.
If a foundation company contravenes this section, the following commit an offence and are liable to a maximum fine of five hundred dollars for each day during which the contravent ion continues —
the foundation company ; and
every director or manager of the foundation company who knowingly and wilfully authorised or permitted the contravention.