Penalty replacement: fixed monetary penalty now specified replacing prior variable fine range under companies law. The amendment replaces the variable fine range in sub section (3) of section 238 with a single specified monetary penalty, removing the previous minimum ... Summary
Penalty replacement: fixed monetary penalty now specified replacing prior variable fine range under companies law.
The amendment replaces the variable fine range in sub section (3) of section 238 with a single specified monetary penalty, removing the previous minimum to maximum fine formulation and leaving other provisions of the section intact.
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