Penalty reduction in company law lowers the statutory monetary sanction, altering compliance exposure for affected persons. Amendment reduces the monetary sanction specified in subsection (3) of section 140 by substituting the former amount with a lower amount, thereby altering ... Summary
Penalty reduction in company law lowers the statutory monetary sanction, altering compliance exposure for affected persons.
Amendment reduces the monetary sanction specified in subsection (3) of section 140 by substituting the former amount with a lower amount, thereby altering the statutory penalty provision and narrowing financial exposure for persons subject to that subsection under the Companies (Amendment) Act, 2020.
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