Removal of imprisonment converts the offence into a penalty-only contravention, limiting sanction to a monetary fine. The amendment deletes the imprisonment option and removes the "or with both" alternative, substituting wording that confines the provision to a monetary ... Summary
Removal of imprisonment converts the offence into a penalty-only contravention, limiting sanction to a monetary fine.
The amendment deletes the imprisonment option and removes the "or with both" alternative, substituting wording that confines the provision to a monetary fine only, thereby converting the offence into a penalty-only regulatory sanction under the Companies Act amendment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.