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Union of India - Section

Section 21 in The Companies (Amendment) Act, 2020

21. Amendment of section 105.

In section 105 of the principal Act, in sub-section (5),—
(a)for the words "who knowingly issues the invitations as aforesaid or wilfully authorises or permits their issue shall be punishable with fine which may extend to one lakh rupees", the words "who issues the invitation as aforesaid or authorises or permits their issue, shall be liable to a penalty of fifty thousand rupees" shall be substituted;
(b)in the proviso, for the word "punishable", the word "liable" shall be substituted.