11 November 2016
I read it often,if a company engaged in any kind of fraud or go against legal laws they have to pay fine or penalty.And always wonder, where does all these collected money goes and how do court use it?
Please answer .
12 November 2016
Generally, penalties are levied under specific laws. These penalties are collected by the authority prescribed under that law. Moreover, use of such penalties or fine is explained in that law.
CAclubindia
