contravention of section 173(1) of cos act 2013

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Priyanka Ojha (Querist)
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11 August 2020 What is the penalty if a company fails to conduct a meeting within prescribed period mention in section 173(1)?

Bhaskaran Chackrapani Warrier (Expert)
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12 August 2020 No penalty on Company, but every responsible officer is liable for penalty of Rs. 25,000/- as per section 173(4).

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