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Amendment of section 117

Section 15 - Amendment Acts - Companies (Amendment) Ordinance, 2018 - Companies (Amendment) Ordinance, 2019 - Section 15 - 15. In section 117 of the principal Act, for sub-section (2), the following sub-section shall be substituted, namel .....

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further penalty of five hundred rupees for each day after the first during which such failure continues, subject to a maximum of twenty-five lakh rupees and every officer of the company who is in default including liquidator of the company, if any, .....

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