https://www.taxtmi.com/acts?id=35023 Amendment substitutes subsection (3) of section 53 to make the company and every officer in default liable to a penalty capped by reference to the amount raised through the issue of shares at a discount or a specified upper limit, and obliges the company to refund all monies received from the discounted issue with interest from the date of issue to the persons who received those shares. en-us Mon, 14 Jan 2019 14:10:52 +0530 Fri, 02 Aug 2019 11:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35023 Amendment substitutes subsection (3) of section 53 to make the company and every officer in default liable to a penalty capped by reference to the amount raised through the issue of shares at a discount or a specified upper limit, and obliges the company to refund all monies received from the discounted issue with interest from the date of issue to the persons who received those shares. Act-Rules F. Acts / Amendment Acts Mon, 14 Jan 2019 14:10:52 +0530 https://www.taxtmi.com/acts?id=35023