One Person Company penalty for rule breaches imposes fines and continuing daily penalties under incorporation rules. A provision prescribes monetary sanctions where a One Person Company or its officer contravenes the Companies (Incorporation) Rules, 2014, making both the ... Summary
One Person Company penalty for rule breaches imposes fines and continuing daily penalties under incorporation rules.
A provision prescribes monetary sanctions where a One Person Company or its officer contravenes the Companies (Incorporation) Rules, 2014, making both the company and officers liable and imposing an initial penalty plus a continuing daily penalty for ongoing contraventions.
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