Amendment of section 121

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..... the principal Act, for sub-section (3), Amendment of the following sub-section shall be substituted, namely:- "(3) If the company fails to file the report under subsection (2) before the expiry .....

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..... ive thousand rupees and in case of continuing failure, with a further penalty of five hundred rupees for each day after the first during which such failure continues, subject to a maximum of one lakh .....

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