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Amendment of section 454

ction (3), the following sub-section shall be substituted, namely: - "(3) The adjudicating officer may, by an order- (a) impose the penalty on the company, the officer who is in default, or any o .....

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company, the officer who is in default or any other person" shall be substituted; (iii) in sub-section (8),- (a) in clause (i), for the words "does not pay the penalty imposed by the adjudic .....

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rds "does not pay the penalty", the words, brackets and figures "fails to comply with the order made under sub-section (3) or sub-section (7), as the case may be," shall be substit .....

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