Penalty for failure to file reports: company and officers face daily continuation fines with capped maximums. Amendment substitutes subsection (3) of section 121 to impose a fixed initial penalty for a company's failure to file the required report, a continuing daily penalty subject to an overall cap, and corresponding officer liability with a specified minimum penalty and a separate daily continuation penalty capped at a lower maximum.
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Penalty for failure to file reports: company and officers face daily continuation fines with capped maximums.
Amendment substitutes subsection (3) of section 121 to impose a fixed initial penalty for a company's failure to file the required report, a continuing daily penalty subject to an overall cap, and corresponding officer liability with a specified minimum penalty and a separate daily continuation penalty capped at a lower maximum.
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