Hello everyone,
Its an urgent query...
If any Company violates any provision relating to exemption given under Section 211 what is the penalty?
Are these offences Compoundable?
Hello everyone,
Its an urgent query...
If any Company violates any provision relating to exemption given under Section 211 what is the penalty?
Are these offences Compoundable?
Penalty
Imprisonment for a term which may be extended to 6 month or with fine which may extend to Rs. 10,000/- or both
No impriosnment will be awarded unless the offence has been committed wilfully.
Compounding is possible.
CAclubindia
