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4. Penalties Under This Chapter:

4.1 Subject to Article (146) of the Commercial Companies Law, in case of violating the conditions and procedures prescribed in the applicable law with respect to the issue of Debt Securities and subscribing therefore, every interested party shall have the right to file an application with the court for rendering the subscription null and void and obliging the issuer to refund the Debt Securities in addition to claiming compensation for any damages suffered.
4.2 As per Article (361) of the Commercial Companies Law, which states: "without prejudice to any severer penalty provided for in the Penalties Code or in any other law, imprisonment and a fine not less than five thousand Bahraini Dinars and not exceeding ten thousand Bahraini Dinars or either of these two penalties shall be imposed on:"
(a) Any founder, manager or board member who has invited the public to subscribe for Debt Securities in contravention of the provisions of the Commercial Companies Law and this Chapter and whoever has offered these Debt Securities for subscription with his knowledge of this violation.
4.3 As per Article (362) of the Commercial Companies Law, which states: "without prejudice to any severer penalty provided for in the Penalties Code or in any other law, a fine not exceeding five thousand Bahraini Dinars shall be imposed on:"
(a) Any person who has issued Debt Securities, subscription receipts, interim certificates or has offered them for trading in contravention of the provisions of the Commercial Companies Law and this Chapter.