https://www.taxtmi.com/acts?id=12608 A person who acts as a director after the two month qualification period without holding the qualification shares required by section 270 is liable to a daily monetary penalty for each day between that expiry and the last day on which he acted as director; the statutory provision treats the fine as a continuing daily liability and the prescribed daily cap was subsequently amended. en-us Thu, 12 May 2011 18:11:10 +0530 Thu, 12 May 2011 18:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12608 A person who acts as a director after the two month qualification period without holding the qualification shares required by section 270 is liable to a daily monetary penalty for each day between that expiry and the last day on which he acted as director; the statutory provision treats the fine as a continuing daily liability and the prescribed daily cap was subsequently amended. Act-Rules Companies Law Thu, 12 May 2011 18:11:10 +0530 https://www.taxtmi.com/acts?id=12608