Director appointment violation attracts daily penalty capped by statute under company amendment for continued non-compliance. The substituted provision makes a person who accepts appointment as a director in violation of the section liable to a penalty for each day after the ... Summary
Director appointment violation attracts daily penalty capped by statute under company amendment for continued non-compliance.
The substituted provision makes a person who accepts appointment as a director in violation of the section liable to a penalty for each day after the first during which the violation continues, with a specified daily amount and an express maximum cap on total liability.
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