Monetary penalty structure revised to impose a minimum fine plus daily accruing fines capped by an overall maximum. Amendment to section 23A revises the penalty: the substituted wording mandates a monetary penalty which shall not be less than one lakh rupees and which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees, establishing a minimum fine plus a daily accrual mechanism capped by an overall maximum.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Monetary penalty structure revised to impose a minimum fine plus daily accruing fines capped by an overall maximum.
Amendment to section 23A revises the penalty: the substituted wording mandates a monetary penalty which shall not be less than one lakh rupees and which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees, establishing a minimum fine plus a daily accrual mechanism capped by an overall maximum.
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