Section 346 - Penalty for improper use of “incorporated” or “limited”

Where any person trades or carries on business in the Republic under a name or title of which

(a) the words “incorporated”, “corporation” or any contraction or imitation of those words or an equivalent in any other language forms part, or

(b) the word “limited” or a contraction or an imitation of those words or an equivalent in any other language is the last word,

that person is, unless duly incorporated under this Act or any other enactment and, where “limited” or a contraction or an imitation of that word is the last word, unless duly incorporated with limited liability, liable to pay to the Registrar, an administrative penalty of twenty-five penalty units for each day during which that name or title has been or is used.