Dear Toshi,
The penalty stated here mentions "May extend to", so whn a company fails to comply with ne of the section stated above, they hv to approach CLB for compounding and accoridingly the penalty wud be stated. So it cn be 100 rs per day, 200 rs pd .......maximum 500 rs, pd , accordingly as the CLB thinks appropriate. Bt it cnt go beyond 500rs. per day.
Hope its clear nw.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
