Penalty reduction: amendment caps specified statutory penalties at half their previously prescribed maximums, narrowing sanction exposure. The amendment substitutes the prior wording beginning with "punishable with fine" and ending with "specified in such sections" with words making persons ... Summary
Penalty reduction: amendment caps specified statutory penalties at half their previously prescribed maximums, narrowing sanction exposure.
The amendment substitutes the prior wording beginning with "punishable with fine" and ending with "specified in such sections" with words making persons liable to a penalty which shall not be more than one half of the penalty specified in such sections, thereby capping the maximum statutory penalty under section 446B at one half of the previously prescribed amount.
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