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Section 628

This query is : Resolved 
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(Querist)
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?
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Rasesh

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Rasesh (Expert)
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.
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Bhaskaran Chackrapani Warrier

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

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Rasesh (Expert)
11 March 2010 Agree with Mr. B.Chackrapani Warrier
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