https://www.taxtmi.com/acts?id=40135 A substituted section 74 creates a general penalty where no other penalty exists: an LLP, any partner, designated partner or other person in default for contravening the Act, rules, or conditions attached to approvals or exemptions is liable to a fixed initial penalty and a further daily penalty for continuing contraventions, subject to a statutory maximum cap on the total penalty. en-us Mon, 16 Aug 2021 17:30:56 +0530 Mon, 16 Aug 2021 17:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40135 A substituted section 74 creates a general penalty where no other penalty exists: an LLP, any partner, designated partner or other person in default for contravening the Act, rules, or conditions attached to approvals or exemptions is liable to a fixed initial penalty and a further daily penalty for continuing contraventions, subject to a statutory maximum cap on the total penalty. Act-Rules F. Acts / Amendment Acts Mon, 16 Aug 2021 17:30:56 +0530 https://www.taxtmi.com/acts?id=40135