Penalties for non compliance under section 124: corporate and officer fines with daily accruals and statutory caps. The amendment replaces the subsection to impose specified monetary sanctions for non compliance: companies incur an initial fixed penalty and a per day ... Summary
Penalties for non compliance under section 124: corporate and officer fines with daily accruals and statutory caps.
The amendment replaces the subsection to impose specified monetary sanctions for non compliance: companies incur an initial fixed penalty and a per day continuing penalty after the first day up to a prescribed maximum; officers in default incur a separate initial fixed penalty and a smaller per day continuing penalty after the first day up to a lower prescribed maximum.
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