TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Penalties for Violating Sections 57 & 58 of Companies Act, 1956: Fines Up to 50,000 for Issuing Faulty Prospectus.</h1> Section 59 of the Companies Act, 1956, addresses penalties and interpretations related to the issuance of a prospectus. If a prospectus is issued in violation of sections 57 or 58, the responsible company and individuals knowingly involved are subject to a fine up to fifty thousand rupees. The term 'expert' within sections 57 and 58 includes professionals such as engineers, valuers, and accountants, whose professions lend authority to their statements. Prosecution powers are concurrently exercisable by DCA and SEBI officials, with specific delegation to SEBI officials as per a 2000 notification.
TaxTMI 
TaxTMI 
