Amendment of section 121

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..... In section 121 of 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) bef .....

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..... than twenty-five 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 maximu .....

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