Section 211

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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?

 

Replies (1)

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.

 

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