Hello everyone,
Its an urgent query...
If any Company violates any provision relating to exemption given under Section 211 what is the penalty?
Are these offences Compoundable?
Shristi Bawari (CS PROFESSIONAL & Trainee at GE Shipping) (128 Points)
04 July 2012Hello everyone,
Its an urgent query...
If any Company violates any provision relating to exemption given under Section 211 what is the penalty?
Are these offences Compoundable?
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 04 July 2012
Penalty
Imprisonment for a term which may be extended to 6 month or with fine which may extend to Rs. 10,000/- or both
No impriosnment will be awarded unless the offence has been committed wilfully.
Compounding is possible.
CAclubindia
