Penalty for failure to file corporate resolution imposes initial fixed fine and daily continuing fines with statutory caps. Substitution of sub section (2) of section 117 imposes an initial fixed penalty on a company that fails to file a resolution or agreement within the prescribed period, and a daily continuing penalty subject to a statutory maximum; every officer in default, including a liquidator, is separately liable to an initial fixed penalty and a daily continuing penalty subject to a lower statutory maximum.