Penalty reduction for filing failures: revised daily and maximum penalties under amended companies law framework. Amendment revises the penalty structure in section 137 by substituting earlier daily and maximum fines with lower specified sums: a fixed initial penalty ... Summary
Penalty reduction for filing failures: revised daily and maximum penalties under amended companies law framework.
Amendment revises the penalty structure in section 137 by substituting earlier daily and maximum fines with lower specified sums: a fixed initial penalty followed by a smaller continuing daily penalty subject to a reduced overall cap, and reduced lump sum maxima for other specified defaults.
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