25/05/2024 Financial & Legal Services
As per the Companies Act, if the Company fails to comply with the legal provisions, then the Central Government will cancel the License for Section 8 Company. If the Company’s objectives are conducted fraudulently or in violation of the objectives for which it is established, the licence can be cancelled. In case a Company fails to comply with the provisions of the Companies Act, then the Company will be punishable with a fine not less than Rs. 10 lakhs & may extend to Rs. 1 crore. The Officers & Directors of the Company in default of the provisions will be punishable with a fine not less than Rs. 25,000 which may extend to Rs. 25 lakhs or both.
Did you know that nearly 70% of share traders in India face penalties due to incorrect reporting of tax on share market profit? Unfortunately, navigat...
Expenses incurred by the requisitions for convening a meeting where the board has failed to do so shall be reimbursed by the company. These reimbursed...
With the rapid globalization of businesses, staying compliant with international tax regulations is crucial. For multinational companies operating in ...
Dabba trading is an illegal and unregulated form of stock market trading in India, where transactions take place outside the official stock exchanges ...
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