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Section 22 - Amendment of section 117 - The Companies (Amendment) Act, 2020

Extract

..... Amendment of section 117. 22. In section 117 of the principal Act,- (i) for sub-section (2), the following sub-section shall be substituted, namely:- "(2) If any company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified therein, such company shall be liable to a penalty of ten thousand rupees and in case of continuing failure, with a further penalty of one hundred rupees for each day after the first during which such failure contin .....

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Section 22 - Amendment of section 117 - The Companies (Amendment) Act, 2020

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