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Section 10 - Amendment of section 64. - COMPANIES (AMENDMENT) ACT, 2019Extract Amendment of section 64. 10. In section 64 of the principal Act, for sub-section (2), the following sub-section shall be substituted, namely:- (2) Where any company fails to comply with the provisions of sub-section (1), such company and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues, or five lakh rupees whichever is less. .
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