Director Identification Number compliance penalties impose an initial fixed fine and continuing daily penalties capped; officers face separate minimum and daily penalties.

The amendment prescribes that failure to furnish the Director Identification Number attracts an initial fixed penalty and, for continued non-compliance, a continuing daily penalty for each day after the first up to a statutory cap; every officer in default is separately liable to a minimum fixed penalty and the same form of continuing daily penalty up to the same ceiling.

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