7 Penalty under Section 66 (11) of the Act. 8 Penalty under Section 71 (11) of the Act. 9 Penalty under Section 68 (11) of the Act. 10 Penalty under Section 86 (1) of the Act. 11 Penalty under Section 90 (11) of the Act. 12 Penalty under Section 128 (6) of the Act...
(s) in form to be prescribed by Rules • CG may direct maintaining of books of accounts of a company for a period more than 8 years where any Companies Act, 2013 Fresh thinking for a new start 15 investigation has been ordered • CFO made responsible and liable for penalty and / ...
Important: Section 338 of Companies Act: Purpose, Analysis & Penalty Most Important Features of Section 339 Under the Companies Act 2013 Section 339 of the Act addresses fraud offences and other relevant issues. To expand further, Section 339 makes fraud offences punishable by a fine, jail, or...
Section 132 (5) of Companies Act 2013 Section 132(5) Appeal against NFRA Order:Any person aggrieved by any order of NFRA issued u/s 132(4)(c) may refer an appeal before theAppellate Tribunal. The auditor shall deposit penalty amount with NFRAwithin 30 daysof the order. However, the aud...
Now, as per the earlier Section-11 of the Companies Act 2013, the legal action in case of non-compliance as follows— The company shall be liable to a penalty which may extend to ₹5,000/- and Every officer in default shall be punishable with fine which may ext...
Rule 5. Penalty: Omitted w.e.f. 01.05.2015 Rule 6. Conversion of One Person Company into a Public company or a Private company: (1) The One Person company shall alter its memorandum and articles by passing a resolution in accordance with subsection (3) of section 122 of the Act to gi...
Further, as per Section 189 (6), every director contravening provisions of the section shall be liable to a penalty of Rs. 25,000. 8) Non Compliance with Section 134 of the Companies Act, 2013. If a company contravenes the provisions of this section, the company shall be ...
In the context of limited law enforcement resources, penalty cases should have the effect of "punishing one to warn a group." In this regard, the U.S. SEC does not pursue exhaustive investigation, and its enforcement actions and penalties have a highly concentrated feature. According to public...
Although the two are quite similar in terms of the type of penalty, there are significant differences in the enforcement mechanism. In order to ensure that federal securities laws have not been violated or if there is suspicion that federal securities laws have been violated, SEC investigators may...
Section 289 of the Companies Act, 1956 relating Section 175 of the Companies Act, 2013 states about the passing of resolution by circulation. The relating provisions are as below:(1) No resolution shall be deemed to have been duly passed by the Board