Compoundable offences
2.  The following offences may be compounded by the Registrar in accordance with section 409B(1) of the Act:
(a)any offence under the Act that is punishable only by a fine or a fine and a default penalty;
(b)any offence under section 201(1) of the Act read with section 204(1A) of the Act, other than an offence committed with intent to defraud creditors of the company or creditors of any other person or for a fraudulent purpose;
(c)any offence under any subsidiary legislation made under the Act that is punishable only by a fine or a fine and a default penalty.