Penalty for company non-compliance under section 64: daily fines against company and officers, subject to an overall cap. The amendment makes the company and every officer in default liable to a continuing daily penalty during the period of default, with that daily measure of ... Summary
Penalty for company non-compliance under section 64: daily fines against company and officers, subject to an overall cap.
The amendment makes the company and every officer in default liable to a continuing daily penalty during the period of default, with that daily measure of liability subject to an overall maximum monetary ceiling, the lesser of the two amounts prescribed.
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