Section 628

This query is : Resolved

Sneha (Querist)
Follow

10 March 2010 Does it attract s.628 if EPS is omitted from the Annual Report of a Listed Company? willful or not, s.628 is not compoundable under 621A. However is there any remedy to it?

Rasesh

Rasesh (Expert)
Follow

10 March 2010 In my view Sec 628 is not attracted only for the reason that EPS has not been shown in the annual report. EPS is a number that can be derived on the basis of the Balance Sheet and P & L Statement read with the other notes to accounts. If any material numbers are omitted which have a bearing on the numbers per se, then only Sec 628 would be applicable.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

11 March 2010 But it is a non compliance of section 211 (3A). Consequently, penal provisions as in 211(7) will attract.

Rasesh

Rasesh (Expert)
Follow

11 March 2010 Agree with Mr. B.Chackrapani Warrier

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

office docs

Arun Borad

MUNISH KUMAR

RISHI LATTA

CA Aakarsh Jain

Subscribe Now

Section 628

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

Senior Executive

CA Final