Penalty for corporate contravention: companies and defaulting officers liable to a prescribed fine where no specific sanction exists. Where a company breaches any provision of this Chapter for which no specific penalty is provided, both the company and every officer of the company who is ... Summary
Penalty for corporate contravention: companies and defaulting officers liable to a prescribed fine where no specific sanction exists.
Where a company breaches any provision of this Chapter for which no specific penalty is provided, both the company and every officer of the company who is in default are punishable with fine, the statute prescribing minimum and maximum monetary limits for the fine applicable to the company and each defaulting officer.
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