Amendment of section 89

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Full Text of the Document

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....2) or sub-section (3), he shall be liable to a penalty of fifty thousand rupees and in case of continuing failure, with a further penalty of two hundred rupees for each day after the first during which such failure continues, subject to a maximum of five lakh rupees."; (b) for sub-section (7), the following sub-section shall be substituted, namely:- "(7) If a company, required to file....