Information-return compliance failures may attract civil penalties for non-filing, late disclosures, and deficient accounting records. Civil penalties apply for failure to furnish required documents, returns or reports to the Controller or a Certifying Authority. Defaults in filing ... Summary
Information-return compliance failures may attract civil penalties for non-filing, late disclosures, and deficient accounting records.
Civil penalties apply for failure to furnish required documents, returns or reports to the Controller or a Certifying Authority. Defaults in filing returns or furnishing prescribed information, books or documents within regulatory time limits may attract daily penalties while the failure continues. Failure to maintain required books of account or records may also attract a daily penalty for the continuing period of non-compliance.
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