Penalty for non-compliance by foreign companies: fines and daily continuing penalties, with notified officers held liable. Rule 4 provides that a foreign company and every officer of the company in default are liable to a fine for failure to comply with these Rules, with an ... Summary
Penalty for non-compliance by foreign companies: fines and daily continuing penalties, with notified officers held liable.
Rule 4 provides that a foreign company and every officer of the company in default are liable to a fine for failure to comply with these Rules, with an additional daily fine for continuing contraventions; "officer of the company in default" means the person(s) whose names and addresses were delivered to the Registrar under clause (d) of sub section (1) of section 592.
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