Penalty revision under Section 92: fixed reduced penalty replaces prior variable fine regime for companies and officers. Amendment revises monetary sanctions under Section 92 by substituting lower specified penalties: sub section (5) reduces the earlier prescribed fines and prescribes differentiated penalties for a company and for an officer in default; sub section (6) replaces the prior minimum maximum fine range with a single fixed penalty, thereby narrowing fine exposure and converting a variable penalty regime into specified reduced sums.
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Penalty revision under Section 92: fixed reduced penalty replaces prior variable fine regime for companies and officers.
Amendment revises monetary sanctions under Section 92 by substituting lower specified penalties: sub section (5) reduces the earlier prescribed fines and prescribes differentiated penalties for a company and for an officer in default; sub section (6) replaces the prior minimum maximum fine range with a single fixed penalty, thereby narrowing fine exposure and converting a variable penalty regime into specified reduced sums.
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