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        F. Acts / Amendment Acts

        Section 25 - Substitution of new section for section 159.

        Companies (Amendment) Act, 2019

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        Penalty for default by company officers: fixed maximum fine with additional daily fines for continuing noncompliance. Failure by any individual or company director to comply with the specified statutory provisions attracts an initial penalty which may extend to a fixed maximum amount and, if the default continues, an additional continuing penalty may be imposed at a specified daily rate for each day after the first during which the default persists.
                          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.

                                Penalty for default by company officers: fixed maximum fine with additional daily fines for continuing noncompliance.

                                Failure by any individual or company director to comply with the specified statutory provisions attracts an initial penalty which may extend to a fixed maximum amount and, if the default continues, an additional continuing penalty may be imposed at a specified daily rate for each day after the first during which the default persists.


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