In section 64 of the principal Act, in sub-section (2),—

(a)

for the words "one thousand rupees ", the words "five hundred rupees " shall be substituted;

(b)

for the words "or five lakh rupees whichever is less ", the words "subject to a maximum of five lakh rupees in case of a company and one lakh rupees in case of an officer who is in default " shall be substituted.