Additional fee regime for late filings increases compliance costs while preserving other liabilities under the amendment. The amendment creates a structured additional fee regime allowing late submission, filing, registration or recording of required documents on payment of ... Summary
Additional fee regime for late filings increases compliance costs while preserving other liabilities under the amendment.
The amendment creates a structured additional fee regime allowing late submission, filing, registration or recording of required documents on payment of prescribed additional fees that may vary by class of company and include a prescribed minimum; it also imposes a higher prescribed additional fee for repeat defaults and preserves other legal actions or liabilities while making companies and officers in default liable for fees, additional fees and applicable penalties.
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