[
Penalty for failure to comply with directions of Commission and Director General.43. If any person fails to comply, without reasonable cause, with a direction given by-
| (a) | - | the Commission under sub-sections (2) and (4) of section 36; or |
| (b) | - | the Director General while exercising powers referred to in sub-section (2) of section 41, |
such person
[
shall be liable to a penalty] which may extend to rupees one lakh for each day during which such failure continues subject to a maximum of rupees one crore, as may be determined by the Commission.]
CAclubindia
