Section 9, The Companies (Amendment) Act, 2014

Section 30 of the Companies Act, 2009 is amended insubsection (4) by repealing and replacing that subsection with the “(4) If a company defaults in complying with a direction of the Commission given under subsection (2), the company and any director of the company who is cognisant of the default shall be liable to a default fine of Le. 850,000.00 for each day that the default continues.” Registration of Companies