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    <title>Penalty for non-compliance.</title>
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    <description>Rule 24 prescribes that a company falling under rule 2 and every officer of the company who is in default shall be punishable with a fine which may extend to five thousand rupees, and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues.</description>
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