Removal of imprisonment for specified corporate offences now limits sanction to a monetary fine only. The amendment omits any reference to a term of imprisonment in sub section (11) of section 8 and substitutes the composite penalty language so the ... Summary
Removal of imprisonment for specified corporate offences now limits sanction to a monetary fine only.
The amendment omits any reference to a term of imprisonment in sub section (11) of section 8 and substitutes the composite penalty language so the statutory consequence is confined to a specified monetary fine, converting the contravention into an offence punishable only by a financial penalty.
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