https://www.taxtmi.com/acts?id=35033 Amendment substitutes subsection (3) of section 121 to impose a two tier penalty regime: the company faces an initial fixed penalty for failure to file the report and a daily continuing penalty after the first day subject to a maximum cap; every officer in default faces a minimum initial penalty and a separate daily continuing penalty after the first day subject to a separate maximum cap. en-us Mon, 14 Jan 2019 14:16:07 +0530 Fri, 02 Aug 2019 11:49:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35033 Amendment substitutes subsection (3) of section 121 to impose a two tier penalty regime: the company faces an initial fixed penalty for failure to file the report and a daily continuing penalty after the first day subject to a maximum cap; every officer in default faces a minimum initial penalty and a separate daily continuing penalty after the first day subject to a separate maximum cap. Act-Rules F. Acts / Amendment Acts Mon, 14 Jan 2019 14:16:07 +0530 https://www.taxtmi.com/acts?id=35033