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of <h1>New Section 454A Doubles Penalties for Repeated Corporate Offenses Within Three Years Under Companies (Amendment) Act, 2019.</h1> The Companies (Amendment) Act, 2019 introduces Section 454A to the principal Act, which imposes stricter penalties for repeated defaults. If a company, its officer, or any person previously penalized under any provision of the Act commits the same default within three years of the original penalty order, they will face a penalty amounting to twice the original penalty for subsequent defaults. This provision aims to deter repeated non-compliance by increasing financial consequences for recurring violations.
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