Dear all.... Company has made default in complying the provision of cost audit for the fy 2016-17 and now notice have been received from roc to explain the reasons for non compliance..
what is the penalty u/s 148 ?
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Quick Summary
A company has received a notice from the Registrar of Companies (ROC) for failing to comply with cost audit provisions for the financial year 2016-17. The user is seeking information regarding the potential penalties under Section 148 of the relevant act. This discussion aims to clarify the consequences of such non-compliance and guide the user on how to address the ROC's notice.