Penalty for contravening IDR issuance rules: companies and responsible officers face fines and continuing daily penalties. Where no punishment is provided in the Act, a company, any other person, and every officer of the company in default are punishable with a fine measured by reference to the IDR issue; if the contravention is continuing, a further daily fine applies for each day the contravention continues.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for contravening IDR issuance rules: companies and responsible officers face fines and continuing daily penalties.
Where no punishment is provided in the Act, a company, any other person, and every officer of the company in default are punishable with a fine measured by reference to the IDR issue; if the contravention is continuing, a further daily fine applies for each day the contravention continues.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.