Amendment of section 147
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....ncipal Act,-- (a) in sub-section (1), the following proviso shall be inserted, namely:-- "Provided that in case of contravention of the provisions of sub-sections (1), (5) to (8) and....
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....y officer of the company who is in default shall be liable to a penalty of twenty-five thousand rupees and in case of continuing failure, with a further penalty of two hundred rupees for each day, aft....
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