Penalty for One Person Company contraventions removed; previously prescribed a fixed fine and a continuing daily fine. Rule 5 of the Companies (Incorporation) Rules, 2014 was omitted by Notification No. G.S.R 349(E) dated 01-05-2015. The removed text had provided a ... Summary
Penalty for One Person Company contraventions removed; previously prescribed a fixed fine and a continuing daily fine.
Rule 5 of the Companies (Incorporation) Rules, 2014 was omitted by Notification No. G.S.R 349(E) dated 01-05-2015. The removed text had provided a Penalty: a fixed fine for One Person Companies or their officers for rule contraventions and an additional continuing daily fine for each day after the first during which the contravention continued.
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