What is cumulative penalty ?
This query is : Resolved
CA Sahil Singla..
(Querist)
26 October 2011
Sir
If under one section penalty is Rs. 5000/day for a default & in another section it is Rs.500/day, further the penalties are cumulative, then what would be the penalty for a single day default ?
If under one section penalty is Rs. 5000/day for a default & in another section it is Rs.500/day, further the penalties are cumulative, then what would be the penalty for a single day default ?
Mukta Suyal
(Expert)
27 October 2011
Penalty will be attracted in your question of both the Section i.e Rs. 5000/- and as well as Rs. 500/- per day till the default continues.
Plz quote the Sections also, under which penalty you are talking about.
Regards
CS Mukta Suyal
Plz quote the Sections also, under which penalty you are talking about.
Regards
CS Mukta Suyal
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CA Sahil Singla..
(Querist)
27 October 2011
Expert
I am talking about penalty u/s 283(2A) & penalty u/s 272 for acting as a director by a person after vacation of office
I am talking about penalty u/s 283(2A) & penalty u/s 272 for acting as a director by a person after vacation of office
Dhirajlal Rambhia
(Expert)
09 July 2023
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