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Penalties in such Event.
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49. In case any Company which shall not at the Time being be entitled to avail itself of the Provisions of this Act shall issue Mortgage Debentures under, or purporting to be under, the Provisions of this Act, or in case any Company entitled to avail itself of the Provisions of this Act shall at any Time issue Mortgage Debentures for an aggregate Principal Sum exceeding the Limit to which at the Time being they are entitled to issue, any Person who shall knowingly or wilfully be concerned in such Issue shall in every such Case forfeit the Sum of Five hundred Pounds.
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