Penalty increase for Companies Act contraventions under specified provision; Schedule amendment raises the monetary limit in notification. Amendment substitutes a higher monetary expression in column (2) of Schedule III beneath the entry for Section 309(4) in proviso (b), thereby increasing the monetary limit applicable to that penalty provision by formal notification under the Companies Act.
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Provisions expressly mentioned in the judgment/order text.
Penalty increase for Companies Act contraventions under specified provision; Schedule amendment raises the monetary limit in notification.
Amendment substitutes a higher monetary expression in column (2) of Schedule III beneath the entry for Section 309(4) in proviso (b), thereby increasing the monetary limit applicable to that penalty provision by formal notification under the Companies Act.
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