Compounding penalties doubled where company officers fail to comply with Tribunal or regulatory orders. The amendment replaces sub section (5) of section 441 to provide that if a company officer or employee fails to comply with an order of the Tribunal, the ... Summary
Compounding penalties doubled where company officers fail to comply with Tribunal or regulatory orders.
The amendment replaces sub section (5) of section 441 to provide that if a company officer or employee fails to comply with an order of the Tribunal, the Regional Director or an officer authorised under sub section (4), the maximum fine for the offence proposed to be compounded shall be doubled compared with the maximum in the corresponding penal provision.
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