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Insertion of new section 446A.

Clause 91 - Bills - THE COMPANIES (AMENDMENT) BILL, 2017 - COMPANIES (AMENDMENT) BILL, 2017 - Clause 91 - 91. After section 446 of the principal Act, the following sections shall be inserted, namely:- Factors for determining level of punishment. &quo .....

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o public interest; (d) nature of the default; and (e) repetition of the default. Lesser penalties for One Person Companies or small companies. 446B. Notwithstanding anything contained in this Act, if a One Person Company or a small company fails to c .....

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