Punishment u/s 147, companies act, 2013
This query is : Resolved
Guest
Guest
(Querist)
27 October 2014
Are penalties u/s 147 in addition to punishments under respective sections; that it covers?
27 October 2014
If any of the provisions of sections 139 to 146 (both inclusive) is contravened,
the company shall be punishable with a fine and imprisonment as prescribed therein. Note that there is no specific penalty prescribed in Section 139 to 146 for its contravention
the company shall be punishable with a fine and imprisonment as prescribed therein. Note that there is no specific penalty prescribed in Section 139 to 146 for its contravention
Guest
Guest
(Querist)
27 October 2014
Yes sir, but in section 143(15) there is fine prescribed on auditors (failure in reporting fraud). Please clarify!
27 October 2014
Fine prescribed under section 143(15)is for auditor, cost accountant or company secretary in practice do not comply with the provisions
wheras fine precribed under section 147 is on company and every officer of the company in default.
wheras fine precribed under section 147 is on company and every officer of the company in default.
Guest
Guest
(Querist)
27 October 2014
But in 147(2), it is for auditors?
28 October 2014
According to my view, there can't be punishment for contravention of same section twice.
Section 143(15)punishment is related to failure to report fraud by auditor whereas section 147 is related to other matters specified in section 139 to 146
Section 143(15)punishment is related to failure to report fraud by auditor whereas section 147 is related to other matters specified in section 139 to 146
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
