I want to know the Liability on Non Compliance of Section 314 of Companies Act 1956
If Non-Compliance is pending from 2004 onward how match interest & Penalty is payable for non compliance of Section 314 of companies act
pradeep (Accountant) (33 Points)
09 October 2013I want to know the Liability on Non Compliance of Section 314 of Companies Act 1956
If Non-Compliance is pending from 2004 onward how match interest & Penalty is payable for non compliance of Section 314 of companies act
prakash
(Company Secretary)
(1352 Points)
Replied 09 October 2013
First, person has to vacate office and refund the company what ever the amount received by him by holding place or office of profit from 2004 and then file petition with CLB for compounding of offence under section 314.
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 09 October 2013
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