WHAT IF, THE COMPANY HAS NOT COMPLIED SECTION 295 AND 292A OF THE COMPANIES ACT, 1956. ?
Menu
NOT COMPLIED
Replies (2)
if co. does nt comply wid sec 295 it will b liable to fine rs.50000, imprisonment 6 months..
director shall b liable to vacate his office (sec 283).........
Totally agree wid purvi.
IF THE COMPANY HAS NOT COMPLIED SECTION 295 AND 292A OF THE COMPANIES ACT, 1956
then every person knowingly a party to the contravention including the person who has taken the loan shall be liable to fine up to rs.50000,or imprisonment upto 6 months.. and shall be liable for repayment of loan to the co.
Further the Director shall have to vacate his office u/s. 283.
Recent Threads
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
Related Threads
CAclubindia
