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...
Filing your Income Tax Return (ITR) is not just a legal formality—it’s a smart financial decision, especially if TDS (Tax Deducted at Source) has been...
Looking for the Best NRI ITR Filing Services in India? CA Amit Chawla offers reliable, professional, and hassle-free tax filing solutions tailored for...
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