Amendment of section 148

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....cost accounting or any addendum thereto, after examination of recommendations of the Institute of Cost Accountants of India, constituted under the Cost Accountants Act, 1959 (23 of 1959)."; (b) in sub-section (3),-- (i) in the proviso, for the words "Provided that", the following shall be substituted, namely:-- "Provided that a firm whereof majority of partners practisin....

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.... Officer or any other person of a company charged by the Board with duty of complying with the provisions of sub-section (1), contravenes such provisions, such managing director, whole-time director in charge of finance, Chief Financial Officer or such other person of the company, shall be liable to a penalty of five lakh rupees in case of a listed company and fifty thousand rupees in case of any ....