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<h1>Companies Act Amended: Section 105 Now Imposes Fixed Penalty of Five Thousand Rupees for Violations</h1> Section 105 of the principal Act has been amended by the Companies (Amendment) Ordinance, 2019. In sub-section (3), the phrase 'punishable with fine which may extend to five thousand rupees' is replaced with 'liable to a penalty of five thousand rupees.' This change standardizes the language regarding penalties, specifying a fixed penalty amount rather than a range.