https://www.taxtmi.com/acts?id=32633 Substitution of sub section (2) of section 117 imposes an initial fixed penalty on a company that fails to file a resolution or agreement within the prescribed period, and a daily continuing penalty subject to a statutory maximum; every officer in default, including a liquidator, is separately liable to an initial fixed penalty and a daily continuing penalty subject to a lower statutory maximum. en-us Sat, 03 Nov 2018 14:37:32 +0530 Mon, 14 Jan 2019 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32633 Substitution of sub section (2) of section 117 imposes an initial fixed penalty on a company that fails to file a resolution or agreement within the prescribed period, and a daily continuing penalty subject to a statutory maximum; every officer in default, including a liquidator, is separately liable to an initial fixed penalty and a daily continuing penalty subject to a lower statutory maximum. Act-Rules F. Acts / Amendment Acts Sat, 03 Nov 2018 14:37:32 +0530 https://www.taxtmi.com/acts?id=32633