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of <h1>Amendment to Companies Act: Revised Penalties in Section 90 for Non-Compliance with Declaration and Information Filing Requirements.</h1> The Companies (Amendment) Act, 2020 revises penalties in section 90 of the principal Act. Under the amended sub-section (10), individuals failing to declare as required face a penalty of fifty thousand rupees, with an additional one thousand rupees per day for continued non-compliance, capped at two lakh rupees. The amended sub-section (11) imposes a penalty of one lakh rupees on companies failing to maintain registers or file information, with an additional five hundred rupees per day for ongoing failures, up to five lakh rupees. Defaulting officers face a penalty of twenty-five thousand rupees, with two hundred rupees per day for continued non-compliance, capped at one lakh rupees.
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