Penalty for non compliance with section 64(1): capped daily fines imposed on company and officers, subject to a maximum. The amendment prescribes a monetary sanction under section 64 for failure to comply with subsection (1), making both the company and every officer in default liable to a daily penalty for each day the default continues, subject to an overall monetary cap, thereby creating concurrent liability for the company and responsible officers with a capped maximum exposure.
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Provisions expressly mentioned in the judgment/order text.
Penalty for non compliance with section 64(1): capped daily fines imposed on company and officers, subject to a maximum.
The amendment prescribes a monetary sanction under section 64 for failure to comply with subsection (1), making both the company and every officer in default liable to a daily penalty for each day the default continues, subject to an overall monetary cap, thereby creating concurrent liability for the company and responsible officers with a capped maximum exposure.
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