Director penalty for non-compliance with statutory disclosure imposes personal monetary sanction under amended company law. The amendment substitutes the prior sub section by making a director personally liable to a fixed monetary penalty for any default in complying with the ... Summary
Director penalty for non-compliance with statutory disclosure imposes personal monetary sanction under amended company law.
The amendment substitutes the prior sub section by making a director personally liable to a fixed monetary penalty for any default in complying with the section's requirements, thereby prescribing a specific sanction as the consequence of non compliance.
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