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of <h1>Section 465 fixes Rs.10,000 penalty and Rs.500/day for defaults, alters cross-references and renumbers declarations, impacting penalty triggers and caps</h1> The Act's Section 465 retains the Bill's structure imposing a Rs.10,000 fixed penalty for discrete refusals/omissions and Rs.500 per day for continuing defaults but alters several cross-references: it omits Bill reference to notice u/s 268(2), renumbers declarations/certificates (e.g., 393(6)?393(7), 389(5)(a)?392(5)(a), 394(2)?394(3)) and refines timing items under section 397(3). These technical changes narrow or shift penalty triggers and caps in specific cases, so practical liability depends on the precise substantive content of the updated cross-referenced provisions rather than the Bill's prior numbering.
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