Penalties; revocation of authorization

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If any foreign corporation fails to file the report required by section 373 of this title, or refuses to file or to amend such report whenever the Lieutenant Governor finds the report incomplete or unsatisfactory and requires that it be amended, the Lieutenant Governor shall refer the matter to the United States attorney, who may institute a criminal action against the corporation. If convicted, the corporation shall be fined not more than $500 and costs. The court shall also suspend the authorization of the corporation to do business in the United States Virgin Islands, and shall order the corporation to file or amend the report or the copy, as the case may be, within the time specified in the order. Failure to obey such order shall be cause for revocation of the authorization granted to the corporation to do business in the United States Virgin Islands. Any corporation doing business in the United States Virgin Islands after the suspension or revocation of such authorization shall be subject to the penalties prescribed by section 406 of this title.


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