Section 98.

2. The Taxes Consolidation Act 1997 is amended -

(a) in section 152 by substituting the following for subsection (2):

"(2) Where a company fails to comply with any of the provisions of subsection (1), the company shall incur a penalty of €200 in respect of each failure, but the aggregate amount of the penalties imposed under this section on any company in respect of all such failures connected with any one distribution of dividends or interest shall not exceed €2,000.",

(b) in section 305(4) -

(i) by deleting the word "knowingly", and

(ii) by substituting "€3,000" for "€630",

(c) in section 481 by substituting the following for subsection (16):

"(16) Where a company has issued a certificate for the purposes of subsection (12) or furnished a statement under subsection (13) and either -

(a) the certificate or statement is false or misleading, or

(b) the certificate was issued in contravention of subsection (14),

then -