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This query is : Resolved 
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(Querist)
27 January 2012 where Default is made on serving of notice u/s 286, any penalties will charge?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
30 January 2012 Yes

U/s 286(2), Every officer of the company who is duty bound to give the notice and who fails to do so shall be punishable with fine which may extend to Rs. 1,000/-
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
30 January 2012 Agreed with Mitesh
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
30 January 2012 Agreed with Mitesh
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