Penalty alteration replaces previous variable fine range in company law with a fixed penalty under amended section 204. The amendment substitutes the penalty language in section 204(4) of the principal Act, replacing the prior prescribed fine range with liability to a fixed ... Summary
Penalty alteration replaces previous variable fine range in company law with a fixed penalty under amended section 204.
The amendment substitutes the penalty language in section 204(4) of the principal Act, replacing the prior prescribed fine range with liability to a fixed penalty amount, thereby converting a range-based fine into a prescribed fixed penalty under that subsection.
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