https://www.taxtmi.com/acts?id=53674 Section 99 of the Companies Act, 2013 is amended to confine the provision to default in complying with section 96 only. The marginal heading is substituted to read "Penalty for default in complying with provisions of section 96", and references to sections 97 and 98 and to directions of the Tribunal are omitted from the operative text. The punishment framework is also recast from a fine-based regime to a penalty-based regime, with a continuing-default penalty capped for a company and for an officer in default. en-us Tue, 24 Mar 2026 14:26:13 +0530 Tue, 24 Mar 2026 14:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53674 Section 99 of the Companies Act, 2013 is amended to confine the provision to default in complying with section 96 only. The marginal heading is substituted to read "Penalty for default in complying with provisions of section 96", and references to sections 97 and 98 and to directions of the Tribunal are omitted from the operative text. The punishment framework is also recast from a fine-based regime to a penalty-based regime, with a continuing-default penalty capped for a company and for an officer in default. Act-Rules Bills Tue, 24 Mar 2026 14:26:13 +0530 https://www.taxtmi.com/acts?id=53674